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Centre Cuts Petrol And Diesel Prices By Rs 2.50 Asks States To Make It Rs 5

Oct 04, 2018 05:56 PM IST India India

The central government on Thursday gave marginal relief to masses from runaway fuel prices and cut petrol and diesel rates by Rs 2.50 a litre with effect from midnight. The decision was announced by finance minister Arun Jaitley after he held a closed-door meeting with Prime Minister Narendra Modi and petroleum minister Dharmendra Pradhan. The Centre has reduced central excise duties by Rs 1.50 a litre while oil marketing companies have been asked to absorb Re 1 a litre, Jaitley said.

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