Masses struggling with inflation can expect relief as petroleum product prices are set to decrease significantly starting May 16.
Reports indicate a substantial drop in petrol prices by Rs12 per litre and diesel by Rs9.70 per litre.
Globally, petrol prices have fallen by $6.32 per barrel to $99.93, and diesel prices are now at $4.97 per barrel, showing a positive market shift.
This reduction follows a similar decrease on May 1, where petrol prices were cut by Rs5.45 per litre and high-speed diesel by Rs8.42 per litre.
However, sales data from OCAC and Topline Securities show a worrying trend, with a 11% decline in petroleum product sales over the past 10 months compared to the previous fiscal year.
April sales were also lower, down by 6% compared to last year and 4% from March this year, totaling 1,104,000 tonnes.
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