Govt increases petrol price by Rs5.44, diesel by Rs31.05 per litre for next three days
AI Summary
The government raised petrol prices by Rs5.44 and diesel by Rs31.05 per litre starting from July 18, citing higher import costs and escalating global prices amid regional tensions. This hike brings petrol to Rs316.15 and diesel to Rs354.35 per litre. Such price adjustments are crucial as they directly impact consumers and inflation rates, influencing the broader economy. The temporary nature of this increase underscores the government's response to volatile global fuel markets.
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