High-speed diesel (HSD), petrol, and kerosene prices are expected to rise by up to Rs. 6 per litre on Friday for the next fortnight, driven by higher international oil prices. The final price adjustments will be determined on January 31.
The ex-depot petrol price is estimated to increase by Rs2-3 per litre, while the prices of HSD and kerosene are projected to rise by about Rs5-6 per litre. The increase is attributed to a bullish trend in the global oil market, with Brent crude prices climbing by $2 per barrel over the past fortnight.
The average price of HSD in the international market rose by more than $2.50 per barrel, while petrol prices increased by about 50 cents per barrel. The ex-refinery cost of kerosene also saw an uptick. Additionally, the import premium on petrol increased by 40 cents to $8.84 per barrel, while it remained unchanged for diesel. The exchange rate, however, remained relatively stable during this period.
As of January 29, calculations suggest an increase of around Rs5-6 per litre for HSD and kerosene, and Rs2-2.50 per litre for petrol. Currently, the ex-depot price of petrol stands at Rs256.13 per litre, HSD at Rs260.95 per litre, and kerosene at Rs169.25 per litre, though kerosene is rarely available at the official rate in the market.
