The petrol price has been decreased by public authority by Rs10 per liter in the cost of petroleum attributable to a drop in fuel rates in the worldwide market during the past fortnight.
“The Oil and Gas administrative Power (Ogra) has worked out the buyer costs of oil based commodities, in view of the cost varieties in the worldwide market,” an assertion delivered by the Money Division on Sunday night read.
The public authority likewise discounted cost of fast diesel (HSD) from Rs262.75 to Rs249.69 after a decrease of Rs13.06 per liter.
The new costs will be viable from 12 PM.
| Products | Existing price | New price | Increase/Decrease |
| Petrol | 259.10 | 249.10 | -10.00 |
| High Speed Diesel (HSD) | 262.75 | 249.69 | -13.06 |
| Kerosene | 169.62 | 158.47 | -11.15 |
| Light Diesel Oil | 154.05 | 141.93 | -12.12 |
The most recent price reduction is the fourth in a row in two months.
In the last fortnightly survey, the central government had cut the cost of petroleum by Rs1.86 per liter, from Rs260.96 to Rs259.10 per liter.
Petroleum is principally utilized in confidential transportation, little vehicles, carts, and bikes. Higher fuel costs fundamentally influence the spending plans of the individuals from the center and lower-working classes, who basically consume petroleum for driving. Then again, a huge piece of the vehicle area depends on fast diesel.
Its cost is thought of as inflationary since it is transcendently utilized in weighty products transport vehicles, trucks, transports, trains, and agrarian apparatus, for example, farm haulers, tube wells, and harvesters.
The utilization of high velocity diesel especially adds to the expanded costs of vegetables and other food things.