Video Editor: Sandeep Suman
The government on Thursday announced a Rs 2.50 per litre cut on petrol and diesel prices, factoring in excise duty reduction of Rs 1.50 per litre, and asking oil companies to absorb another Re 1.
Meanwhile, BJP-ruled states – including Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Jharkhand, Assam, Tripura, Goa, Uttarakhand and Rajasthan – announced a cut in VAT of up to Rs 2.5 per litre to effect a Rs 5 per litre reduction in pump rates.
Here’s how Indians are reacting to the government's move to slash fuel prices:
Some people opined that further fall in fuel prices would be better for the public, after the recent hikes in the price:
In Delhi, where the fuel prices are the lowest among all metros and most state capital, petrol is sold at Rs 84 per litre and diesel at Rs 75.45.
The price cuts would be effective from midnight today.
(With inputs from PTI)
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