Govt ups petrol price by Re0.88 per litre, high-speed diesel rate by Re0.53

The government on Tuesday increased the price of petrol by Re0.88 per litre and that of high-speed diesel (HSD) by Re0.53. Following the revision, petrol will retail at Rs382.02 per litre while HSD will cost Rs389.80 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new prices are applicable for Oct 21 (Wednesday). The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke…