The price of petrol may be reduced by Rs11 per litre by the government, according to sources privy to the matter.

According to

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, the cost of petrol is anticipated to drop by Rs11 per litre, while the cost of high-speed diesel is anticipated to rise by Rs8 per litre. Petrol is currently available for Rs230 per litre.

The tax on petrol is expected to surge by Rs5 per litre and the tax on diesel, kerosene, and light diesel by Rs10 per litre, as per reports.

However, the Ministry of Finance will reveal a price revision today, and the new rates will take effect on August 1.