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The government on Monday slashed the prices of petrol and high-speed diesel (HSD) by Rs4.08 and Rs2.45 per litre, respectively, passing on the impact of falling oil prices after US President Donald Trump called off a planned attack on Iran a day prior.
Following the revision, petrol will retail at Rs331.95 per litre, while HSD will cost Rs389.93 per litre. The government continues to levy Rs110 per litre in taxes and duties on petrol and Rs96 per litre on diesel.
The Petroleum Division’s notification said the new prices would be applicable for August 4 (Tuesday).
The diesel price has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.
