In a bid to provide relief to the public grappling with soaring inflation, the government has announced a reduction in fuel prices.

According to a notification issued by the finance ministry, the price of petrol has been reduced by Rs8.47 per litre, while the price of diesel has been lowered by Rs6.07 per litre.

The decrease in fuel prices is attributed to a recent drop in global oil prices, allowing the government to pass on the benefits to consumers. The new price of petrol now stands at Rs260.96 per litre, and diesel at Rs266.07 per litre.

This move is expected to bring some respite to the masses, who have been facing the brunt of rising living costs, as fuel prices significantly impact the overall cost of goods and services.

The government’s decision to reduce fuel prices comes as part of its efforts to alleviate the financial burden on citizens during these challenging times.

The reduction in petrol and diesel prices is seen as a positive step towards stabilizing the economy and easing inflationary pressures, particularly for those heavily dependent on fuel for transportation and daily activities.