Cheap fuel: After new highs, experts see petrol, diesel prices falling soon

Experts say domestic prices will track international ones, which have shown a declining trend

Diesel prices in Delhi on Tuesday scaled a new all-time high of Rs 59.14 per litre, while other cities too saw a considerable increase. However, industry experts and the government believe that prices will ease in the next few weeks as international prices are showing a declining trend.

In Delhi, the price of petrol, too, was at a two-year high on Tuesday at Rs 70.88 per litre. Since the implementation of daily pricing from June 16 this year, Indian basket crude oil has gone up by around 19 per — from $46 a barrel to $55.36 a barrel. However, domestic