The government has announced another increase in Petrol and high-speed diesel (HSD) prices under the daily fuel pricing mechanism. The revised rates will remain effective for the next 24 hours.
According to the latest notification, the price of Petrol has been increased by Rs. 1.09 per litre. The new price now stands at Rs. 336.15 per litre.
High-speed diesel has also become more expensive. Its price has increased by Rs. 2.42 per litre, taking the new rate to Rs. 393.04 per litre.
The latest revision comes one day after another price update. On Wednesday, the government reduced petrol prices by Rs. 0.75 per litre, bringing the rate down to Rs. 335.06 per litre. However, diesel prices increased by Rs. 2.24 per litre, reaching Rs. 390.62 per litre.
The daily pricing system has resulted in frequent adjustments to fuel prices throughout the month. Petrol and diesel rates are now revised every day instead of following the previous pricing schedule.
Before the daily pricing mechanism was introduced between July 11 and July 17, petrol was available at Rs. 310.71 per litre, while diesel was priced at Rs. 323.30 per litre.
The first revision under the new system took effect on July 18. Petrol increased to Rs. 316.15 per litre, while diesel rose to Rs. 354.35 per litre.
Fuel prices continued to change almost every day. Petrol was priced at Rs. 315.80 on July 20, Rs. 320.73 on July 21, Rs. 327.12 on July 22, Rs. 331.52 on July 23, and Rs. 335.18 on July 24.
The same petrol rate remained unchanged on July 25 and 26. It then moved to Rs. 334.18 on July 27, increased to Rs. 335.81 on July 28, declined slightly to Rs. 335.06 on July 29, and has now reached Rs. 336.15 per litre.
Diesel followed a similar upward trend. Its price increased steadily from Rs. 354.35 on July 18 to Rs. 393.04 per litre by July 30.
Since the introduction of daily fuel price revisions, Petrol has become Rs. 25.43 per litre more expensive. During the same period, diesel prices have increased by Rs. 69.71 per litre.
In other related news also read Petrol Dealers Divided Over Planned Nationwide Strike
The latest revision continues the ongoing pattern of daily fuel price adjustments. Consumers and businesses will continue to monitor future changes as the daily pricing mechanism remains in effect.
