Petrol Prices Decline Expected in January 2024

The interim government is considering a reduction in petrol prices, providing a respite from the increasing cost of living. Sources reveal that the expected drop in petrol prices, scheduled to take effect in the first half of January 2024, could reduce Rs1.72 per litre.

While petrol consumers are likely to benefit from this relief, diesel prices are anticipated to experience a moderate increase ranging from Rs1 to Rs1.30 per litre.

The interim government has demonstrated a proactive approach in addressing economic concerns, as seen in the previous fortnight’s review when petrol prices were reduced by Rs14, and diesel prices saw a reduction of Rs13.50. This move has been praised by citizens as a measure to alleviate financial burdens during challenging times.

As of December 15, the current petrol and diesel prices stand at Rs267.34 and Rs267.21, respectively, according to a notification from the Finance Division.