The price of petrol has been increased by 56 paisa per litre, while high-speed diesel (HSD) has seen a hike of Rs2.96 per litre for the fortnight starting January 1, 2025.

According to a notification from the Ministry of Finance, petrol now costs Rs252.66 per litre, and HSD has risen to Rs258.34 per litre.

Earlier, reports had speculated a higher increase for HSD by Rs3.62 per litre and a minimal 11 paisa rise for petrol.

Energy experts pointed out that the premium on oil is $8.69 per barrel. The calculation had been made while keeping in view the current rate of petroleum levy, general sales tax and currency exchange rate.