Government cuts petrol, diesel prices by Rs 2.50; asks states to follow suit

Oct 04, 2018, 05.22 PM(IST)

Finance Minister Arun Jaitley earlier today announced a Rs 2.5 cut in per litre price of diesel and petrol and asked state governments to go for a matching reduction. The minister said the centre would reduce the tax rate by Rs 1.5 per litre while oil marketing companies would absorb another Re 1.