Govt slashes petrol price by Rs5.45, high-speed diesel by Rs8.42

The government on Tuesday slashed the price of petrol and high-speed diesel (HSD) for the next fortnight by Rs5.45 and 8.42, respectively.

In a notification, the finance ministry said the reduction was due to price variations in the international market because of a decreasing trend in prices of petroleum products during the last fortnight.

It said the new petrol price was Rs288.49 per litre and that of HSD was Rs281.96.

A fortnight ago, the government had increased...