The government has recently announced substantial adjustments to fuel prices, affecting consumers just before Eid. The price of petrol surged by Rs. 9.66 per liter, while diesel saw a notable decrease of Rs. 3.32 per liter.
These modifications came into effect prior to Eid al-Fitr, leaving the public startled by the sudden increase in petrol prices. As a result, the new rate for petrol has been set at Rs. 289.40 per liter for the upcoming fifteen days. Conversely, diesel became more affordable, alongside reductions in kerosene and light diesel prices.
The Ministry of Finance promptly issued a notification regarding these revised prices, which took effect at midnight on the specified date.
In response to escalating global trends, the government’s decision to raise petrol prices by Rs. 9.66 per liter has stirred discussions among consumers. Despite this increase, measures were taken to alleviate the burden by reducing the cost of high-speed diesel by Rs. 3.32 per liter.
Furthermore, the new rates have been set at Rs. 282.24 per liter for diesel, Rs. 186.39 per liter for kerosene (following a decrease of Rs. 2.27 per liter), and Rs. 167.80 per liter for light diesel oil (after a reduction of 38 paisa). These revised prices will remain effective from April 1st for the subsequent fifteen days.
This significant adjustment in fuel prices has sparked debates and discussions, particularly regarding its impact on consumers and the economy as a whole during this festive period.
