Petrol, diesel could get cheaper by as much as Rs 8 by next week: Report

You may have to pay as much as Rs 8 per liter less for petrol and diesel from next week, as per media reports. While some reports said that petrol and diesel could get cheaper by as much as Rs 5-6 in the next week itself, Hindustan Times went on to claim fuel prices could drop by as much as Rs 8 if the rupee-dollar exchange rate is factored in.

Following the breakdown of OPEC+ talks on production cuts and Saudi Arabia’s decision to pump more oil into the market as a retaliatory step, the global oil market went into a tailspin with crude prices tumbling more than 30 per cent to just about $35 a barrel, before recouping some of the losses.