Fuel Price Decrease: Good news for fuel customers in India. Experts predict that petrol and diesel prices will fall in Andhra Pradesh and Telangana soon as crude oil prices are falling significantly in the international market. Brent Crude Oil and West Texas Intermediate Prices are hit domestically with fuel prices. The main reasons for this are trade tensions between China and the US, and the negative expectations of the US Energy Information Administration (EIA) global economic growth.
Fuel Price Decrease Andhra Telangana States
At present, the average price of petrol in Andhra Pradesh is Rs.110-112 per liter and diesel is priced at Rs.98-100. The price of petrol in Telangana is Rs.108-110 and diesel prices continue between Rs.96-98. However, these prices are likely to fall in the next two to three weeks. According to estimates, petrol can be reduced to Rs.3-5 and diesel by Rs.2-4. It is expected to come into effect by May 2025. If the international oil market is settled, fuel prices are likely to be more stable.
A decrease in fuel prices will provide some relief to the general public. Especially home consumers, small traders and travelers benefit from this. But observers are warning that if the center and state governments do not reduce VAT or excise duty, the price may not go down. There has also been criticism that the burden on the people is being burdened without reducing taxes. Social workers suggest that the opposition should further the issue.
Furthermore, the ongoing tariff war between China and the US and the ongoing volatility in the global economy can affect the fuel market in the future. These can have a long -term impact on developing countries. However, in the current situation, a decrease in petrol and diesel prices is a consequence for the general public.