The interim government has approved significant increases in the prices of petrol and high-speed diesel (HSD).
As per the notification issued by the finance ministry, the price of petrol has surged by Rs13.55 per litre, while HSD has risen by Rs2.15 per litre.
Effective from January 1, petrol will now be priced at Rs272.89 per litre, reflecting the Rs13.55 hike.
Earlier this month, there was a reduction of Rs8 per litre in the price of petrol, maintaining diesel at Rs273.21 per litre for the ensuing two weeks.
As per the finance ministry’s notice, starting January 16, petrol will be sold at Rs259.34 per litre after the Rs8 decrease. However, the diesel rate remains unchanged at Rs276.21 per litre. No alterations were mentioned for the prices of light diesel oil and kerosene oil.
This development in fuel prices has garnered attention and is likely to impact various sectors of the economy, potentially leading to adjustments in transportation costs and affecting the overall cost of living for the general population.
It underscores the challenges faced by interim governments in managing economic policies and striking a balance between fiscal responsibility and public sentiment. The fluctuations in fuel prices continue to be a topic of significance, influencing not only individual consumers but also businesses and industries reliant on transportation and energy resources.
