Petrol and Diesel prices reduced

Petrol and Diesel prices reduced

Petrol and Diesel prices reduced

With the international crude prices coming down to $45 a barrel and inflation in the country reduced to 7.8% from 12.8%, the Union government on Friday reduced motor fuel prices for the first time in over two years with the aim of widening the scope of the proposed economic stimulus.

From Saturday, petrol will be cheaper by Rs 5 a litre and diesel by Rs 2. The price of cooking gas refills has been left untouched as state-run oil marketing companies are still making losses on their sale.

Fuel prices are now back to the levels prevalent untill June 4.


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