If you've been feeling the pinch at the pump lately, you'll be pleased to hear that the caretaker government has decided to give your wallet a little relief. After three consecutive hikes in petrol and high-speed diesel prices, there's finally some good news for motorists.
In their latest announcement, the Finance Division revealed that the price of petrol is set to decrease by Rs. 8 per liter, bringing it down to Rs. 323.38 per liter. High-speed diesel, too, will see a significant reduction, with a decrease of Rs. 11, making the new price Rs. 318.18 per liter.
You might be wondering why this sudden change in direction? According to the Finance Division, it's all thanks to an improved exchange rate. This decision comes as a welcome relief for many who felt the strain of previous price hikes.
To put it into perspective, the previous review had seen petrol prices shoot up by Rs. 26.02 per liter to Rs. 331.38, and high-speed diesel had gone up by Rs. 17.34 per liter to Rs. 329.18. Prior to that, on September 1, petrol had seen an increase of Rs. 14.91 per liter, and high-speed diesel had risen by Rs. 18.44 per liter.
The trend of rising fuel prices had been a concern for drivers, with an earlier hike on August 15, when petrol prices surged by Rs. 17.50 per liter, and high-speed diesel saw a steep increase of Rs. 20 per liter.
So, with this recent reduction, it's a bit of relief for your wallet as you head to the gas station. It's a small victory for consumers, and let's hope these trends continue to ease the burden on our daily commutes."
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