News Desk
The government on Thursday decreased the price of petrol by Rs 1.60 per litre, but raised that of high-speed diesel (HSD) by Rs 1.64. Following the revision, petrol will retail at Rs377.71 per litre while HSD will cost Rs391.75 per litre. The government continues to levy Rs 114 per litre in taxes and duties on petrol and Rs 100 per litre on diesel. According to the Petroleum Division’s notification, the new prices are applicable for Oct 23 (Friday). The price of HSD has come down from a peak of Rs 520.35 recorded on April 3. Its price had started rising from Rs 281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.