Until the budget is put into action, there is a chance that petroleum product prices can go down. Petroleum product prices are expected to fall by over 9 rupees starting from June 16, according to sources. Kerosene could fall by 2 rupees and light diesel by 4.10 rupees.
Petrol prices are projected to fall by Rs9.28.
Fast diesel is expected to have a 4 rupee per liter price cut.
To the government, OGRA will transmit the petroleum product summary tomorrow. A price cut will be decided by the prime minister after discussions with the finance ministry.
Given the need for funds, the government will make a decision.
