Govt reduces petrol price by Rs3.13, increases HSD by Rs3.74

The government has reduced the price of petrol by Rs3.13 per litre and increased the price of high-speed diesel (HSD) by Rs3.74 per litre, taking effect from September 5 to September 7. The new prices will see petrol retail at Rs345.87 per litre and HSD at Rs378.05 per litre, with taxes and duties remaining at Rs114 and Rs100 per litre, respectively.

The revisions come after the petrol price peaked at Rs458.41 on April 3, following the US-Iran war, and HSD price rising from Rs281 per litre in early March. The government aims to fix fuel prices on a daily basis based on international market trends, with the Petroleum Division's notification outlining the changes set to remain in place for three days.

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