Petrol, diesel prices cut by Rs 2 across India

THE central government has reduced the price of petrol and diesel by Rs 2. The new prices will become effective from 15 March at 6 am, said the Ministry of Petroleum and Natural Gas.

After the revision of the petrol prices, these will be new rates across the major cities:

In Delhi, the price will be reduced from Rs 96.72 to Rs 94.72
In Mumbai, the rates will go from Rs 106.31 to Rs 104.21
In Kolkata, the price of petrol will be reduced from Rs 106.3 to 103.94
In Chennai, the rate of petrol will reduce from Rs 102.63 to 100.75

Here are the new diesel rates:

In Delhi, the price of diesel will be reduced from Rs 89.62 to Rs 87.62
In Mumbai, the price of diesel will be reduced from Rs 94.27 to Rs 92.15
In Kolkata, the price of diesel will be reduced from Rs 92.76 to 90.76
In Chennai, the price of diesel will be reduced from Rs 94.24 to 92.34

The ministry said the reduction in petrol and diesel prices will boost consumer spending. It will also reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, 6 crore cars and 27 crore two-wheelers, said the ministry.

The reduction in the price of petrol and diesel comes ahead of the upcoming Lok Sabha elections.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri hailed Prime Minister Narendra Modi for the reduction in the prices of petrol and diesel and said the fuel rates in India are much less compared to other countries.

He compared the fuel prices in India to the rates in Italy, France, Germany and Spain, where the amounts were 50 to 79 per cent more.