One other large hike is predicted within the costs of petroleum merchandise within the upcoming fortnightly evaluate amid rise in world oil costs.
In accordance with media stories, the Oil and Fuel Regulatory Authority (Ogra) is predicted to announce new costs for petrol, diesel and different petroleum merchandise on September 15, based mostly on the common worldwide crude oil costs and alternate fee fluctuations within the first 15 days of September.
The petrol value might bounce by Rs16 per litre within the subsequent fortnight evaluate of the petroleum costs, whereas the value of high-speed diesel (HSD) is more likely to go up by Rs13.66 per litre, trade estimates confirmed.
The ex-depot value of petrol has been calculated at Rs321.35 per litre for the following fortnight in comparison with its present value of Rs305.36 per litre, exhibiting a rise of Rs15.99, whereas the ex-depot value of HSD has been labored out at Rs325.50 per litre in comparison with its present value of Rs311.84 per litre, indicating a rise of Rs13.66 per litre.
The costs of kerosene and light-weight diesel oil (LDO) are additionally anticipated to rise by Rs10.02 and Rs4.45 per litre respectively.
The rise within the ex-depot value has been primarily attributable to the rupee depreciation in addition to the rise within the worldwide costs of petroleum merchandise.
The oil trade has labored the ex-depot value of petroleum merchandise for the following fortnight on the common alternate fee of Rs304.21 versus one greenback in comparison with Rs299.77 per greenback common alternate fee for the prevailing value of petroleum merchandise within the nation.
