Petrol price may be raised by Rs3.5 per litre

Prices of petroleum products are expected to be increased by a maximum of Rs6.20 per litre for the upcoming fortnight beginning January 16 because of a rise in international crude oil prices. According to market sources, the ex-depot price of petrol is estimated to go up by Rs3.53 per litre while kerosene oil and light diesel oil may become expensive by Rs4.98 and Rs6.20 per litre, respectively. Similarly, the price of high-speed diesel is likely to rise by Rs2.29 per litre. In the international market, Brent crude oil prices have risen by $1-2 per barrel since January 1. Import premium on petrol and diesel has, however, remained unchanged and the currency exchange rate has also stayed generally stable.