Posted 9/15/2023, 7:02:56 PM
Government Increases Petrol and Diesel Prices Due to Rising International Oil Costs, Further Hikes Expected
- Govt hikes petrol price by Rs26, HSD by Rs17
- Increase brings petrol price to Rs331.38/L, HSD to Rs329.18/L
- Decision taken due to increasing petroleum prices internationally
- No change specified for kerosene or light diesel oil
- Second major fuel price hike by interim govt in September
- Prices hiked based on existing tax rates and import parity prices
- Further increases of Rs10-16/L expected in coming fortnight
- Transport sector heavily impacted as most runs on diesel
- Price hikes add to already high August inflation rate