New year likely to start with hike in diesel prices
Owing to impact of oil prices in international market, the prices of high-speed diesel (HSD), kerosene and light diesel oil (LDO) are estimated to increase by about Rs4 to Rs5 per litre on New Year’s Eve, for the first fortnight of 2025. However, informed sources said, the ex-depot price of petrol was estimated to be range-bound, swinging either way with a Re1 per litre change, depending on final calculation on Dec 31. In the mid of December, the ex-depot price of HSD was reduced by Rs3.05 (1.18pc) to Rs255.38 per litre, while the petrol price remained unchanged. Sources said the average prices of HSD and LDO have slightly increased in the international market during the last fortnight while ex-refinery cost of kerosene oil was also slightly on the higher side. Import premium on both petrol and diesel remained unchanged while exchange rate on average remained stable.