The government raised the price of petrol by Rs13.18 per litre and that of high-speed diesel (HSD) by Rs13.80 on Friday. Following the increase, the price of petrol stands at Rs310.71 per litre and HSD’s at Rs323.30. The Petroleum Division’s press release notifying the increase said the new prices would be effective from July 11. The diesel price has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes. Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators. Under IMF conditions, the government doubled the climate support levy to Rs5 ...