Govt increases petrol price by Rs3.72 per litre

The government has increased the price of petrol by Rs3.72 per litre for the next fortnight. 

A notification issued by the Finance Division said that the petrol price has been hiked from Rs248.38 to Rs252.10 per litre.

The government also increased the price of high-speed diesel (HSD) from Rs255.14 per litre to Rs258.43, registering an increase of Rs3.29.

The notification further said that the Oil & Gas Regulatory Authority has worked on the consumer prices of petroleum products based on the price variation in the global market.

In the last fortnightly review, the government had maintained the prices of petrol and diesel based on the price trends in the global market.

Petrol is mainly used in private transportation, small vehicles, rickshaws, and two-wheelers. Higher fuel prices significantly impact the budgets of the members of the middle and lower-middle classes, who primarily consume petrol for commuting. On the other hand, a significant portion of the transport sector relies on high-speed diesel.