Diesel cut by Rs3, petrol price stays unchanged
The government on Friday reduced the price of high speed diesel (HSD) and kept unchanged that of petrol for the next fortnight, ending December 31, in line with international prices. The finance ministry said Ogra had worked out the consumer prices of petroleum products, based on the price variations in the international market during the last two weeks. The ex-depot price of HSD was reduced by Rs3.05 per litre (1.18pc) to Rs255.38 per litre for next 16 days from Rs258.43 over the past fortnight. Most of the transport sector runs on HSD. Its price is considered inflationary as it is mostly used in heavy transport vehicles like trains, trucks, buses, tractors, tube-wells and threshers and particularly adds to the prices of vegetables and other eatables. Transport fares seldom come down with lower diesel rate.