The government has adjusted fuel prices, increasing the cost of high-speed diesel (HSD) by Rs11.30 per litre. This change, announced late Saturday, will take effect on February 1st. The price of petrol, however, remains unchanged for the next two weeks.
Diesel Price Increase
According to a notification from the Petroleum Division, the ex-depot price of HSD will now be Rs268.38 per litre, up from Rs257.08 per litre. The revision is attributed to fluctuations in international markets and recommendations provided by the Oil and Gas Regulatory Authority (Ogra).
Impact on Key Sectors
The increase in HSD prices is expected to have a broad impact, as the fuel powers much of the transport sector. This includes heavy vehicles, trains, and agricultural machinery such as trucks, buses, tractors, tube-wells, and threshers. The source indicates this price adjustment is considered inflationary, particularly affecting the cost of food items like vegetables.
Petrol prices, currently at Rs253.17 per litre, were not altered in this revision. Petrol is primarily used for private transport, including cars, rickshaws, and two-wheelers, and impacts the finances of middle and lower-middle-class citizens.
A possible next step could be further adjustments to fuel prices in the coming fortnight, depending on continued movements in international markets. Analysts expect continued monitoring of global oil prices and their impact on domestic fuel costs. The government may also consider additional recommendations from Ogra in future revisions.
Frequently Asked Questions
What is the new price of high-speed diesel?
The ex-depot price of high-speed diesel is now Rs268.38 per litre.
Is the price of petrol changing?
No, the price of petrol remains unchanged at Rs253.17 per litre.
When do these new prices take effect?
The new prices are applicable from February 1 (Sunday).
How might these fuel price changes affect your daily expenses and transportation choices?
