Petrol price drops by Rs8.47 per litre

The government has reduced the price of petrol by Rs8.47 per litre due to a drop in global fuel prices. This reduction comes as a relief for the public as the country celebrates Independence Day. The price of high-speed diesel has also been decreased. Despite the reduction in fuel prices, the petroleum development levy remains unchanged. This price cut will benefit those in the middle and lower-middle classes who rely on petrol for transportation. High-speed diesel is used in heavy transport vehicles and agricultural machinery, and its price affects the prices of food items.