MS petrol and High-Speed Diesel (HSD) prices are expected to fall this week due to international oil prices declining in the current fortnight.

For the second consecutive fortnight, the prices of major petroleum products, including petrol and high-speed diesel (HSD), are expected to decrease by up to Rs. 9.20 per litre in the upcoming fortnight of August.

The international market has seen a decrease of more than $3 per barrel for both petrol and HSD over the past two weeks. Depending on the final exchange rate and current tax rates, petrol prices are projected to fall by Rs. 8.50-9.30 per litre, while HSD prices may decrease by Rs. 8-9 per litre.

Currently, the ex-depot price of petrol is Rs. 269.43 per litre, and HSD is Rs. 272.77 per litre. In the last review on July 31, the government reduced petrol and HSD prices by Rs. 6.17 and Rs. 10.86 per litre, following significant increases in July.

Between May 1 and June 15, prices for both petrol and diesel had previously decreased by about Rs. 35 and Rs. 22 per litre, respectively.

Additionally, kerosene and light diesel oil are expected to become cheaper by Rs. 10 and Rs. 5 per litre, respectively, over the next fortnight.