Govt hikes petrol price by Rs13.18, high-speed diesel by Rs13.80

The government has raised petrol prices by Rs13.18 per litre and high-speed diesel by Rs13.80 per litre, pushing the cost of petrol to Rs310.71 and diesel to Rs323.30 per litre. This move comes amidst ongoing discussions about managing the country's fiscal deficit and inflation pressures. The price hike is expected to have immediate repercussions on transportation costs, which could further fuel inflation and impact everyday expenses for consumers. This decision underscores the government's struggle to balance economic stability with public discontent.