The government on Saturday hiked the rate for high-speed diesel (HSD) by Rs11.30, while leaving the price of petrol unchanged for the coming fortnight.
In a late-night announcement, the Petroleum Division said the revision followed movements in international markets and recommendations from the Oil and Gas Regulatory Authority (Ogra).
According to the announcement, the ex-depot price of HSD was set at Rs268.38 per litre from Rs257.08 per litre. Most of the transport sector runs on HSD.
Its price is considered inflationary as it is mostly used in heavy transport vehicles, trains and agricultural engines like trucks, buses, tractors, tube-wells, threshers, and particularly adds to the prices of vegetables and other eatables.
Meanwhile, the ex-depot petrol price was unchanged, remaining Rs253.17 per litre. Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
The notification said the prices would be applicable from February 1 (Sunday).
