Govt slashes petrol price by Rs5.45 per litre, high-speed diesel by Rs3.68
The government on Tuesday cut the price of petrol by Rs5.45 per litre and that of high-speed diesel (HSD) by Rs3.68. Following the revision, petrol will retail at Rs369.06 per litre, while HSD will cost Rs391.52. The prices are applicable for Nov 4 (Wednesday), according to a notification by the Oil and Gas Regulatory Authority (Ogra). The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. Under an arrangement announced on Monday for 30 days, oil refineries will contribute to the petroleum levy by bearing a cumulative impact of Rs15…