The prices of major petroleum products — petrol and high-speed diesel (HSD) — are expected to increase by up to Rs1.5 per litre from Friday for the first fortnight of November, following minor fluctuations in global oil prices.
According to official sources, the ex-depot price of HSD may rise by around Rs1.4 per litre, while petrol could become costlier by Rs1.5 per litre for the period ending November 15. These adjustments come under the existing tax structure.
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Since June 1, petrol and HSD prices have climbed by approximately Rs10 and Rs20 per litre, respectively. The ex-depot price of petrol currently stands at Rs263.02 per litre, while HSD is priced at Rs275.42 per litre.
Petrol is widely used in private vehicles, motorcycles, and rickshaws, directly impacting middle- and lower-income households. Diesel powers most of the transport and agricultural machinery, making it a key driver of inflation.
Transporters have already raised fares after a Rs27-per-litre increase earlier this year and have yet to reduce them despite a recent Rs13 cut. Meanwhile, kerosene and light diesel oil prices are expected to rise by Rs2.4 and 50 paisa per litre, respectively.
The government currently collects around Rs98 per litre in taxes on both petrol and diesel. While general sales tax (GST) remains zero, the levy includes Rs79.50 per litre on diesel and Rs80.52 per litre on petrol and high-octane fuel, along with a Rs2.50 climate support levy.
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