The cost of petrol has been reduced by Rs2.20 per litre, bringing the new price to Rs327.62 per litre. Under the revised prices, the cost of petrol has been reduced by Rs2.20 per litre, bringing the new price to Rs327.62 per litre. The price of high-speed diesel has also been cut by Rs1.50 per litre, reducing its new price to Rs380.86 per litre. The Petroleum Division said the revised prices will remain applicable from Augugst 8 following the issuance of the official notification. Both firms pointed to elevated global oil prices and stronger local hydrocarbon output as the main drivers behind the expected upswing.