On Friday, the Indian government announced a reduction in petrol prices by ₹4 per litre, bringing the new ex-depot price to ₹377.79. Diesel prices remain unchanged at ₹380.78 per litre, following adjustments in taxes and levies to stabilize the cost. This reduction marks the fourth consecutive week of declining petrol prices, with a cumulative decrease of approximately ₹37 per litre since the beginning of this trend. The government had previously cut prices by ₹22 per litre last week. Diesel, considered an inflationary fuel due to its role in freight transportation, has seen its price drop from a peak of ₹520.35 on April 10. Currently, the government imposes around ₹100 per litre in taxes on high-speed diesel, while the total tax on petrol is about ₹125 per litre. The sales volume for petrol and diesel is significant, with monthly sales ranging between 700,000 to 800,000 tonnes, compared to a mere 10,000 tonnes for kerosene.