Govt slashes petrol price by Rs6, diesel by Rs6.80 in latest fuel cut

A notification issued by the Ministry of Petroleum said that the price of petrol has been reduced by Rs6 per litre while the rate of high-speed diesel has been slashed by Rs6.80 per litre.

The revised fuel prices will come into effect from midnight as part of the government’s routine fortnightly pricing adjustment mechanism.

The ministry stated that the decision has been taken in accordance with international market trends, which have shown slight stability in crude oil rates over the past fortnight.

It added that the government continues to monitor global energy markets closely to ensure that any benefit is passed on to the public in a timely manner.

The latest reduction is expected to bring relief to multiple sectors of the economy, particularly transport, logistics, and small businesses, where fuel costs constitute a major portion of operational expenses.

Daily commuters are also likely to benefit from reduced travel costs following the revision.

This latest cut follows a similar downward adjustment on May 16, when fuel prices were also reduced under the same pricing mechanism.

That earlier revision had provided relief of Rs5 per litre in petrol and diesel rates.

Government officials emphasized that the pricing mechanism is designed to reflect fluctuations in international oil markets while balancing domestic economic pressures.

They added that the aim is to ensure transparency and stability in fuel pricing while minimizing the impact of global volatility on local consumers.