The government on Tuesday announced a downward revision in petroleum prices, providing some relief to consumers amid easing global oil rates and a relatively stable rupee.
According to a notification issued by the Ministry of Finance, the price of petrol has been reduced by Rs5.66 per litre, while high-speed diesel (HSD) has been cut by Rs1.39 per litre. The new rates will be effective from October 16 to October 31, 2025.
Following the revision, the new prices are expected to reflect a modest reduction in transport and commodity costs, offering temporary relief to the public after months of price volatility.
Future price movements will likely depend on global crude trends and local currency performance against the US dollar.
