Govt increases petrol price by Rs5.44, diesel by Rs31.05 per litre for next 3 days

The government has hiked petrol and diesel prices by Rs5.44 and Rs31.05 per litre respectively, citing higher import premiums and escalating global prices amid renewed regional tensions. Starting July 18, the new prices will be effective for three days, bringing petrol to Rs316.15 and diesel to Rs354.35 per litre. This move underscores the government's effort to manage the financial impact of rising fuel costs on consumers and the broader economy. The decision is likely to spark further discussions on the implications of global market fluctuations on domestic fuel prices.