The Indian government has announced a decrease in petrol and diesel prices across the country, aiming to ease the burden on consumers. Petroleum Minister Hardeep Singh Puri announced that petrol will be reduced by ₹5 per liter and diesel by ₹2 per liter, following months without any changes.
The move comes after the government had decreased fuel prices by ₹2 in March. Puri also mentioned that oil-producing companies have agreed to increase dealer commissions for petrol pump operators, a demand for over seven years. The new rates are expected to take effect in states following the upcoming elections.
Over 7 crore customers and employees of over 83,000 petrol pumps across India stand to benefit from the increased dealer commissions. Around 1 million petrol pump workers are also expected to experience positive changes due to this policy.
The government has also introduced an interstate freight service to facilitate the transport of oil to remote areas, supporting lower prices nationwide and making petrol and diesel more affordable.
This fuel price reduction is expected to bring relief to consumers during Diwali festivities, alleviating transportation costs and supporting rural communities. The government’s steps indicate a broader strategy to enhance access to affordable fuel while ensuring efficient services for all citizens.
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