Petrol price slashed by Rs9.41, HSD’s by Rs5.56
The price of petrol has been reduced by Rs9.41 per litre, bringing the retail price down to Rs352.59 per litre. High-Speed Diesel (HSD) saw a cut of Rs5.56 per litre, fixing its new rate at Rs382.25 per litre, down from the previous Rs387.81 per litre, effective for November 6. The regulator attributed these adjustments to global developments alongside changes in Platts pricing, premiums, and incidental costs. International benchmark prices of petrol decreased to USD 105.945 per bbl from USD 111.45 per barrel, however, premium including freight remained as high as USD 25.52 per bbl, while HSD benchmark prices decreased to USD 106.90 per barrel from USD 110.08 per bbl.