Government announces reduction in petrol, diesel prices

The government has announced a reduction in fuel prices by up to Rs5, effective from February 16, 2025.High-speed diesel (HSD), which is widely used in agriculture and transport sectors, will see a price drop of Rs4 per litre. The new price for HSD will be Rs263.95, down from the previous rate of Rs267.95 per liter.In addition to HSD, the price of petrol has also been reduced by Rs1 per litre. The new petrol price will be Rs256.13, following a similar decrease in the second fortnight of February 2025.Furthermore, the prices for kerosene and light diesel have been lowered by up to Rs5 per litre. Kerosene will now be available at Rs171.65 per litre, while light diesel will cost Rs155.81 per litre.