The government has announced its decision to maintain the price of petrol while reducing the price of high-speed diesel by Rs 1.77 per litre.
According to the notification, the price of petrol will remain unchanged at Rs 279.75 per litre. However, there has been a reduction of Rs 1.77 paise per litre in the price of high-speed diesel, bringing it down to Rs 285.56 paise per litre.
This decision comes amidst fluctuations in global oil prices and aims to provide stability in domestic fuel rates. The Ministry of Finance regularly reviews the prices of petroleum products to align them with international market trends while considering the impact on consumers and the economy.
Although not explicitly mentioned in the notification, sources from the Ministry of Finance indicate that there has also been a reduction of Rs. 2.12 per liter in the price of light diesel oil and Rs. 1.35 per liter in the price of kerosene.
The maintained price of petrol and the reduction in diesel prices are expected to provide relief to consumers, particularly those reliant on diesel for transportation and industrial purposes.
