Govt cuts petrol by Re0.50 and HSD by Rs5.31, effective from March 1

The government has reduced the price of petrol by Re0.50 per litre and high-speed diesel (HSD) by Rs5.31 for next fortnight effective from March 1, 2025.

The new price of petrol will be Rs255.63 per litre while HSD will settle at Rs258.64, according to a notification issued by the Ministry of Finance on Friday.

Moreover, Kerosene oil prices have been lowered by Rs3.53 per litre, bringing the new price to Rs168.12. Similarly, the price of light diesel oil (LDO) has been reduced by Rs2.47 per litre, bringing it down to Rs153.34.

Previously on February 16, the government had reduced the petrol price by Rs1 per litre to Rs256.13 and lowered HSD by Rs4 per litre to Rs263.95.