Will Petrol, Diesel Prices Finally Come Down? Falling Crude Oil Offers Hope

Summary

Global oil prices have retreated from their wartime peaks, with Saudi Arabia announcing its biggest crude price cut for Asian buyers in over two decades, and OPEC agreeing to raise production. This has fuelled expectations that petrol and diesel prices could ease in the coming months. However, analysts note that the outlook is not straightforward, and consumers may have to wait before seeing any benefit at retail pumps due to losses incurred by India's state-run oil marketing companies earlier this year.