According to notification, petrol price has been reduced by Rs1 per litre for the next fortnight. The new price of petrol is Rs256.13.

High-speed diesel (HSD), commonly used in agriculture and transport, will see a decrease of Rs4 per litre. The new price for HSD will be Rs263.95, down from the previous rate of Rs267.95 per litre.

In addition, the prices for kerosene and light diesel have been cut by up to Rs5 per litre. Kerosene will cost Rs171.65 per litre, while light diesel will be available at Rs155.81 per litre.

In light of recent fluctuations in the international oil market, the Oil & Gas Regulatory Authority (OGRA) reviewed and adjusted consumer prices for petroleum products, the finance ministry stated.

Earlier, it was anticipated that petroleum products prices would see a reduction of up to Rs9 per litre.