Citizens may see relief at the pumps in November, with petrol prices expected to decrease by Rs2 to Rs3 and diesel by Rs2.30.
This anticipated reduction comes as global crude oil prices have declined, with petrol dropping from $77.5 to $76 per barrel and diesel from $86.5 to $84.
Currently, petrol is priced at Rs247.03 per litre and diesel at Rs251.29. The potential price adjustments aim to alleviate the financial strain of high inflation on consumers.
Earlier this month, the government raised high-speed diesel prices by Rs5 per litre due to international market fluctuations, while keeping petrol prices stable. No changes have been announced for light diesel oil or kerosene.