Diesel Prices to Drop by Rs. 11.50, Petrol Price Set to Increase [Updated]

Update: The Finance Division announced a significant reduction of Rs. 12.84 per litre in the price of high-speed diesel (HSD) for the next fortnight, while petrol prices will remain unchanged. The revised prices will take effect from August 16, 2025. According to a notification issued by the Finance Division, the new price of HSD has been set at Rs. 272.99 per litre, while petrol will continue to be sold at Rs. 264.61 per litre.     The price of high-speed diesel (HSD) is expected to drop by approximately Rs. 11.50 per litre, while petrol prices may see a slight increase of Rs. 1.40 per litre for the upcoming fortnight starting August 16. These adjustments are driven by fluctuations in global oil markets and recent movements in the exchange rate. Based on current tax rates, the ex-depot price of HSD is projected to decline by around 4%, though final figures will depend on last-minute calculations. Meanwhile, petrol prices are estimated to rise by about 0.5%. Over the past two weeks, international petrol prices edged up by 15 cents per barrel, while diesel prices dropped by $4.5 per barrel. Additionally, the rupee appreciated slightly against the US dollar, providing some relief to diesel consumers. The ex-depot price of petrol currently stands at Rs. 264.61 per litre, following a Rs. 7.54 per litre reduction on August 1. This came after a cumulative increase of Rs. 20 per litre over the previous four fortnights since May 15. Petrol, widely used in private cars, motorcycles, rickshaws, and small vehicles, has a direct impact on the budgets of middle- and lower-middle-income households. HSD, on the other hand, is priced at Rs. 285.83 per litre after a steep Rs. 27 per litre hike since mid-May, despite a minor Rs. 1.48 per litre cut earlier this month. In addition to HSD, kerosene and light diesel oil (LDO) prices are also expected to decrease by Rs. 6 and Rs. 7 per litre, respectively.