The government is expected to reduce petroleum prices effective December 1.

The government is expected to reduce petroleum product prices in accordance with global oil price fluctuations, commencing December 1.

Recent forecasts indicate a decline in ex-refinery and ex-depot rates for key goods.

The price of petrol may decrease by Rs3.70 per litre, high-speed diesel (HSD) by Rs4.28 per litre, kerosene oil by Rs0.73 per litre, and light diesel oil (LDO) by Rs6.35 per litre.

The price of petrol is anticipated to decrease to Rs261.75 a litre from Rs265.45, reflecting a reduction of Rs3.70 per litre.

The oil sector anticipates a decline in high-speed diesel costs, potentially decreasing to Rs280.16 from Rs284.44, reflecting a reduction of Rs4.28 per litre.