Govt raises petrol price by Rs4.61 per litre, reduces HSD rate by Rs1.96

The government has raised petrol prices by Rs4.61 per litre and decreased the rate of high-speed diesel (HSD) by Rs1.96 per litre, effective from September 22. Consequently, petrol will retail at Rs393.75 per litre, while HSD will cost Rs422.08 per litre. The government retains a tax and duty of Rs114 per litre on petrol and Rs100 per litre on diesel.

The new prices follow a significant increase in fuel costs due to the US-Iran war since February 28, with petrol peaking at Rs458.41 on April 3. The government has implemented austerity measures, including curfew-like market closures and reduced fuel allocations for official vehicles. Additionally, a "relief scheme" for motorcycles, autos, and vehicles up to 800cc has been introduced to alleviate the burden of rising fuel prices.

Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.