The new price of petrol will be Rs144.82/litre against the previous rate of Rs140.82 per litre

The government on Friday jacked up the price of petrol by Rs4 per litre effective from Saturday, January 1, to meet the petroleum levy target agreed with the International Monetary Fund (IMF). According to a notification issued by the Finance Division, the new price of petrol will be Rs144.82 per litre against the previous rate of Rs140.82 per litre.

The government also increased the price of high-speed diesel by Rs4 per litre. After the increase, the price will jump to Rs141.62 per litre from the existing Rs137.62 per litre. As per the notification, the kerosene price has been increased by Rs3.95, and light diesel oil by Rs4.15 per litre.