The Institute for Energy Security (IES) has projected that fuel prices will fall between 3 percent and 10 percent at the pumps, beginning Thursday, March 16.
This follows a decline in the activities of price indicators in the last two weeks.
The prices of all three key petroleum products—Petrol, Diesel, and Liquefied Petroleum Gas (LPG)—are expected to fall.
The IES mentioned that the last two weeks have seen price indicators on both the domestic and international fronts falling, which can translate into some price reductions at the pumps for various petroleum products.
The domestic fuel market prices are projected to go down to ¢12.60 for petrol, ¢13.40 for diesel and ¢14 per Kilogramme of LPG.
