Amid back-breaking inflation, the caretaker government on Friday jacked up the petrol price by more than Rs26 and diesel price by over Rs17 per litre in its fortnightly review.
According to the Finance Ministry, the decision has been taken due to the increase in the oil prices in the international market.
The Finance Division said that the price of petrol will go up by Rs26.02 per litre, and the price of high-speed diesel (HSD) by Rs17.34 per litre. Now, the price for one litre of petrol will be Rs331.38, and HSD price will be Rs329.18.
This is the second time within a month that prices of petroleum products have been increased to take them to a historic high.
ON Sept 1, the caretaker government had jacked up the petrol and diesel prices by over Rs14.
The Finance Division said the hike was due to the “increasing trend of petroleum prices in the international market and exchange rate variations”.
Back then the price of petrol went up by Rs14.91 per litre, and the price of high-speed diesel (HSD) by Rs18.44 per litre.
More to come…
