The price of fuel might be reduced in the coming weeks. The Petroleum Pricing Committee (PPC) intends to review the prices of petrol and diesel soon.
Rejoice, car owners! The price of fuel will possibly be reduced by Rs 1.20, or by Rs 2. The monthly meeting of the members of the PPC that was held on the 7th of November had initially led to the decision of maintaining the current prices, in spite of the global decrease. However, the decreasing trend worldwide will perhaps cause the PPC to opt for otherwise.
Reduction in local fuel prices only happened back in August of this year. The price (per liter) of petrol went from Rs 52.25 to Rs 50.15, while that of diesel had gone from Rs 43.95 to Rs 41.90.