The recent fall in petrol and diesel prices is likely to push down the wholesale price index further by 0.06 per cent. The WPI-based inflation, which has been following a declining trend for quite some time now, had hit a new low of 1.96 per cent in the week-ended January 5.
The impact of the cut in oil prices is likely to be reflected in the WPI figures to be released at the end of this week. Petrol and diesel prices fell by an average of 5 per cent and 0.05 per cent, respectively when the government revised the prices recently.
The prices considered here are exclusive of the retailers
