The federal authorities on Thursday raised the worth of petrol by Rs6.51 per litre and that of high-speed diesel (HSD) by Rs19.39 per litre, in keeping with a notification issued by the Petroleum Division.
The brand new costs can be efficient from Could 1, 2026, learn the notification.
Following the rise, the worth of petrol has jumped from Rs393.35 to 399.86, whereas the HSD worth now stands at Rs399.58.
In the meantime, authorities lower petroleum levy on petrol by Rs3.88 to Rs103.50 per litre and imposed a Rs28.69 per litre on diesel. Beforehand, there was no levy on high-speed diesel.
It’s pertinent to say right here that the federal government has been reviewing petroleum costs on a weekly foundation following the now-paused US-Israel battle on Iran, which started on February 28.
Within the earlier weekly evaluation, the federal government had introduced a Rs26.77 per litre hike within the worth of petrol and the high-speed diesel every.
Earlier within the day oil costs struck a four-year excessive within the worldwide market on worries a few resumption of hostilities within the Center East, earlier than slumping later within the session.
Worldwide benchmark Brent crude soared greater than 7% to $126 a barrel however then eased and turned decrease to commerce round $110.
