The government on Friday reduced the price of petrol by Rs4 per litre and diesel by Rs2 per litre with immediate effect. Following the decrease, the price of petrol stands at Rs373.78 per litre and high-speed diesel (HSD) at Rs378.78, down from Rs377.78 and Rs380.78 per litre, respectively. The Petroleum Division’s notification announcing the decrease said the new prices would be effective from June 13 (Saturday). This is the fifth consecutive weekly reduction in petrol prices, with a cumulative decrease of Rs41 per litre. Last week, the government announced a Rs4 reduction in the per litre price of petrol, while the price of HSD remained unchanged at Rs380.78. The government is currently charging about Rs100 per litre on HSD in the form of customs duty, petroleum levy and climate support levy, besides the inland freight equalisation margin. Meanwhile, the total tax on petrol stands at Rs125 per litre, including petroleum levy, customs duty and climate levy. The government is also charging about Rs21 per litr...