Today's Paper

Government announces cut in fuel prices

Sujay Mehdudia

Petrol to cost Rs. 5 less; diesel price reduced by Rs. 2 and LPG by Rs. 25

NEW DELHI: Passing on the benefit of the falling crude oil prices, the Central government on Wednesday cut the retail price of petrol by Rs. 5 a litre and that of high speed diesel by Rs. 2 a litre. The price of LPG was also reduced by Rs. 25 a cylinder.

The price cut comes into effect from midnight on Wednesday.

Second cut in 2 months

The decision to undertake a second cut in fuel prices in less than two months was taken at a meeting of the Cabinet Committee on Political Affairs headed by External Affairs Minister Pranab Mukherjee. He chaired the meeting in the absence of Prime Minister Manmohan Singh, who is recuperating from a heart surgery.

With this, an LPG cylinder will cost Rs. 279.70 in Delhi, down from Rs. 304.70. In Chennai, the new price will be Rs. 314.60; in Kolkata, 327.05; and in Mumbai, 324.50.

With the latest cut, the price of petrol in Delhi will come down to Rs. 40.62 a litre and diesel Rs. 30.86. In Chennai, petrol will cost Rs. 44.66 and diesel Rs. 32.98; in Kolkata petrol will cost Rs. 42 and diesel Rs. 31.74; and in Mumbai petrol will cost Rs. 44.80 and diesel Rs. 34.69.

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