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On Friday the government reduced petrol prices by Rs4 per litre and diesel by Rs2 per litre, with the cuts taking immediate effect.
Following the adjustment, petrol now sells at Rs373.78 per litre and high-speed diesel (HSD) at Rs378.78 per litre, down from Rs377.78 and Rs380.78 respectively. The Petroleum Division’s notification states that the new prices are effective from June 13 (Saturday).
This marks the fifth consecutive weekly reduction in petrol prices, a cumulative drop of Rs41 per litre, offering motorists a noticeable easing at the pumps. Last week the government had announced a Rs4 reduction in petrol while HSD remained unchanged at Rs380.78.
Of the HSD price, roughly Rs100 per litre consists of government charges — customs duty, the petroleum levy and the climate support levy — in addition to the inland freight equalisation margin. Petrol bears a total tax burden of about Rs125 per litre, which includes the petroleum levy, customs duty and climate levy.