Petrol price increased while diesel becomes cheape...

Summary

• The government has revised the prices of petroleum products increasing the cost of petrol while reducing the price of high-speed diesel.
• The latest adjustment means the price gap between petrol and diesel has narrowed further with diesel remaining slightly more expensive per litre despite the reduction in its price.
• The government’s decision to increase petrol prices while lowering the diesel rate is expected to have a different impact on motorists and commercial transport operators depending on their fuel usage.

AI Generated Summary

The government has revised the prices of petroleum products increasing the cost of petrol while reducing the price of high-speed diesel.

According to an official notification the price of diesel has been cut by Rs1.91 per litre while petrol has become Rs1.19 per litre more expensive.

Following the latest adjustment, diesel will now be sold at Rs395.85 per litre while the new petrol price has been set at Rs394.83 per litre.