In its latest fortnightly review, the government has announced a significant reduction in the price of petrol by Rs7.54 per litre, bringing relief to consumers amid rising living costs. However, the price of high-speed diesel has been increased by Rs1.48 per litre, which is expected to affect transport and logistics sectors as diesel is widely used in heavy vehicles and goods transportation.
Officials stated that the price adjustment is part of routine revisions aligned with international oil market fluctuations and currency exchange rates. The reduction in petrol rates is aimed at easing the financial burden on private motorists and daily commuters, while the diesel hike reflects global pricing pressures. The new prices will be effective from midnight and remain in place for the next 15 days.
Petrol price reduction, diesel rate increase, fuel price revision
