Prices of all major petroleum products except petrol are expected to increase from Saturday for the fortnight ending November 30 following slight fluctuations in international oil markets.
According to official estimates the ex depot price of high speed diesel may rise by about Rs9.50 per litre which is roughly a 3.4 percent increase. Petrol however is likely to decrease by nearly Rs2 per litre bringing its price down by 0.7 percent. Petrol and HSD have already seen net increases of Rs12.50 and Rs23 per litre since June 1.
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The ex depot prices of kerosene and light diesel oil are also expected to climb. Kerosene could rise by Rs8.80 per litre while LDO may go up by Rs7.15 per litre. Kerosene currently sells for Rs185 per litre and LDO for Rs164 per litre.
Petrol’s ex depot price stands at Rs265.45 per litre and may fall to around Rs263.50. The fuel is widely used in motorcycles small cars rickshaws and private transport so any change directly affects middle and lower income groups.
High speed diesel which powers most heavy transport vehicles trains and agricultural machinery currently stands at Rs278.44 per litre and may exceed Rs288 on November 15. Its increase is considered inflationary as transporters had already raised fares after a Rs27 per litre hike between May and August and have not reversed those fares despite recent reductions.
