In a welcome move for consumers, the government on Wednesday evening announced a cut in fuel prices ahead of the New Year.
Petrol will now be available at Rs10.28 per liter cheaper, while the price of high-speed diesel has been decreased by Rs8.57 per liter.
The new price of petrol has been fixed at Rs253.17 per liter and high-speed diesel will now cost Rs258.8 per liter.
The Ministry of Energy has issued a formal notification regarding the new prices, which will remain in effect for the next fortnight.
The cut in fuel prices comes as a relief to motorists and businesses, providing some respite amid rising living costs.
The government’s decision has been widely welcomed and is being seen as a positive start to the New Year for citizens across the country.