The prices of major petroleum products, petrol, and high-speed diesel (HSD), are expected to witness a drop of over Rs10 per litre from December 15.

This decline is primarily attributed to a significant downturn in the international market.

Over the past fortnight, international prices for both HSD and petrol have witnessed a collective decrease of nearly 5%.

Specifically, the cost of HSD has plummeted by approximately $4 per barrel, marking a decline from $99.50 to $95.50, while the price of petrol has decreased from $86.5 to $81.7 per barrel.

Simultaneously, a marginal increase of the rupee rate against the US dollar has contributed to this price reduction.