The government is likely to increase the price of petrol by Rs 7.54 per liter and the price of High-Speed Diesel (HSD) by Rs 9.84 per liter from July 1, 2024, to the next fortnight.
Officials of the Ministry of Energy told The News that if the petroleum levy of Rs 5 per liter is added from July 1, 2024, then the price of motor spirit is likely to increase to Rs 12.58 and the price of diesel to Rs 14.84 per liter.
The government has announced to increase the petroleum levy from the current 60 rupees per liter to 80 rupees in the federal budget of FY25. However, the government will periodically impose a petroleum levy of Rs.20 per liter.