Govt cuts petrol, diesel prices by â¹2.50 across India
The central government has cut the prices of petrol and diesel by â¹2.50 across the country with immediate effect, Finance Minister Arun Jaitley announced. While the excise duty has been reduced by â¹1.50, oil marketing companies will take a â¹1 hit in their revenue, Jaitley added. He further blamed international crude prices for the near-daily rise in fuel prices.