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An improvement in the value of the rupee, estimated to reduce the price of petroleum products by Rs 15 per litre

Price drop may be delayed after IMF reservations on petroleum subsidies: Sources Photo file

In view of the effects of appreciation of the rupee, the prices of petroleum products are estimated to decrease from October 16.

According to industry sources, the price of petrol is estimated to be reduced by Rs 10 to Rs 15 per liter while the price of diesel is expected to decrease by Rs 2 per liter.

Sources say that price reduction may be delayed after IMF’s reservations on petroleum subsidy and the price reduction may be used for PDL.

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