The Chamber of Petroleum Consumers (COPEC) is projecting that fuel prices could see some marginal rise in July’s first pricing window from Monday.
According to COPEC, consumers of fuel product are likely to pay a little more for fuel in the coming week despite the stability in prices this current window.
In the second window of June, “we had numbers indicating that petrol and diesel prices could go up. Fortunately for us a number of OMCs decided to maintain prices.”
“The numbers we have in front of us for July are pointing to some 2.6% increase in petrol and 2.4% for diesel with LPG likely to be stable. As to whether they would factor what they could have done in the current window into the coming window, July will tell. But clearly, it is likely you will pay a little more for petrol and diesel next week.”