Home FEATURED NEWS Petrol, Diesel Prices Cut By Rs 2 Across India: Oil Minister

Petrol, Diesel Prices Cut By Rs 2 Across India: Oil Minister

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The revised worth will probably be efficient from March 15, 6 am.

New Delhi:

The Centre decreased petrol and diesel costs by Rs 2, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, mentioned on X. The announcement comes weeks forward of the Lok Sabha elections.

The revised worth will probably be efficient from March 15, 6 am. “By reducing the prices of petrol and diesel by Rs 2, the country’s illustrious Prime Minister Modi has once again proved that the welfare and convenience of his family of crores of Indians is always his goal,” the minister mentioned. 

“On March 14, 2024, in rupee terms, petrol in India is on average Rs 94 per litre but in Italy Rs 168.01- i.e. 79% more; In France Rs 166.87 i.e. 78% more; In Germany Rs 159.57 i.e. 70% more and in Spain Rs 145.13 i.e. 54% more,” he added. 

In January, Union Minister Hardeep Puri mentioned that gasoline costs won’t be lower within the close to future as there may be excessive crude volatility. Dismissing media experiences as ‘speculative’.

“The supply of fuel in India remained constant, remained at cheap prices and our steps also continued to move towards green energy. That is, India maintained Energy Availability, Affordability and Sustainability,” the ministry mentioned.

“Reduction in petrol and diesel prices will boost consumer spending and reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, 6 crore cars and 27 crore two-wheelers,” the petroleum ministry mentioned. 

New Price

The discount in petrol and diesel costs will differ from metropolis to metropolis. The Petroleum Ministry mentioned in Delhi that diesel is at present priced at Rs 89.62/L will now be offered at Rs 87.62/L. Meanwhile, the per litre price of Petrol within the nationwide capital is Rs 96.72 and can now be decreased to Rs 94.72.

In India’s monetary capital, Mumbai, the place VAT and different taxes make gasoline extra pricey than in Delhi, the ministry has decreased the worth by Rs 2.10/L. The present Petrol worth in Mumbai is Rs106.31/L and the efficient worth could be Rs 104.21/L. The per litre price of Diesel in Mumbai is Rs 94.27, the efficient worth from tomorrow could be Rs 92.15/L.

In Kolkata, the petrol worth has been decreased by Rs 2.09/L. Meanwhile, in Chennai, the efficient discount could be Rs 1.88/Litre.


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