According to recent estimates, gas prices are expected to drop significantly from May 16. It is estimated that the price of Petrol will drop significantly by Rs.2. 12 per liter. This potential decline is linked to the drop in global gasoline prices, which are now down to $6.32 per barrel and are approaching $99.93 per barrel. Also, there is a possibility that the price of fuel will decrease by Rs. 9.70 per liter This possible reduction comes at a time when the global diesel price has fallen to $4.97 per barrel.As a result, the price of diesel is currently at $99.08 per barrel.It is worth noting that the expected reduction in the prices of petrol and diesel has come after the reduction in the prices of petroleum products on May 1.
