The federal government has raised the gasoline price with RE1 for the next 15 days, bringing it to RS253.63 per year. Liters, offering modest relief to consumers as global oil markets remain on the retreat.
The Finance Department issued a notification that the new gasoline price will take effect from June 1st.
However, the price of high -speed diesel (HSD) was kept unchanged to RS254.64 per year. Liter.
The US raw futures fell on Friday when dealers expected OPEC+ to decide on Saturday to increase oil production by July in addition to previous forecasts. Brent raw futures settled 25 cents, or 0.39%, to $ 63.90 per Barrel.
West Texas Intermediate -Raw oil ended 15 cents, or 0.25%, to $ 60.79 per Barrel, after he previously fell more than $ 1 per day. Barrel.
Gasoline is mainly used in private transport, small vehicles, rickshaws and two -wheeler. Higher fuel prices affect the budgets for the members of the middle and lower middle classes that primarily consume gasoline for commuting.
On the other hand, a significant part of the transport sector is dependent on high -speed diesel.
Its price is considered inflationary as it is predominantly used in heavy goods transport vehicles, trucks, buses, trains and agricultural machines such as tractors, pipe wells and threshing. The consumption of high -speed diesel contributes especially to the increased prices of vegetables and other foods.
