In a significant development, the Ministry of Finance has announced that the recent surge in the value of the rupee is expected to bring about a welcome decrease in petroleum product prices. This news comes as a relief to consumers across the country.
As per official reports, starting from October 1st and continuing for the next two weeks, the price of petrol is anticipated to witness a substantial reduction of 11 rupees 98 paise. Simultaneously, the price of diesel is also poised for a notable drop, with a projected decrease of 9 rupees 17 paise.
This move is set to have a positive impact on the budgets of households and businesses alike, offering some respite from the rising costs of fuel. As the rupee strengthens, consumers can look forward to more affordable fuel prices, which, in turn, will contribute to improved economic stability.
This development is particularly significant in the current economic climate and is expected to be well-received by the public. Keep an eye on your local petrol station for these reduced prices starting from October 1st.
