Petroleum Division reduces petrol, diesel prices from October 1
The Petroleum Division has announced a reduction in the prices of petroleum products effective October 1.
According to the notification, the price of petrol has been reduced by 14 paisa per liter, and the price of diesel by Rs1.89 per liter. The new prices will come into effect at midnight on October 1.
The announcement states that the new price for petrol has been set at Rs387.40 per liter, and for diesel at Rs400.35 per liter.
The notification specifies that these new prices for petrol and diesel apply to October 1, coming into effect at midnight.
Why it matters: The marginal reduction offers slight relief to consumers and businesses, though petrol and diesel prices remain elevated. The adjustment reflects global oil price movements and exchange rate fluctuations, and will influence transport and agricultural costs in the coming weeks.
