For the second fortnight in a row, the prices of major petroleum products — petrol and high-speed diesel (HSD) — are estimated to drop by up to Rs9.20 per litre for the next fortnight of August, mainly because of the lower international prices.

Informed sources said the prices of petrol and HSD had decreased in the international market by more than $3 per barrel in the last fortnight. Depending on the final exchange rate calculation and existing tax rates, the petrol price is projected to come down by Rs8.50-9.30 and HSD by Rs8-9 per litre.

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