The Ministry of Petroleum and Natural Gas announced a reduction of two rupees in the prices of petrol and diesel, effective from 15th March at 6 am.
Following the revision, here are the updated petrol rates across major cities
Delhi: Decrease from Rs 96.72 to Rs 94.72
Mumbai: Decrease from Rs 106.31 to Rs 104.21
Kolkata: Decrease from Rs 106.30 to Rs 103.94
Chennai: Decrease from Rs 102.63 to Rs 100.75
The new diesel rates are as follows
Delhi: Decrease from Rs 89.62 to Rs 87.62
Mumbai: Decrease from Rs 94.27 to Rs 92.15
Kolkata: Decrease from Rs 92.76 to Rs 90.76
Chennai: Decrease from Rs 94.24 to Rs 92.34
The Petroleum Ministry emphasized that the reduction in prices would stimulate consumer spending and lower operating costs for over 58 lakh heavy goods vehicles, 6 crore cars, and 27 crore two-wheelers running on diesel.
This reduction coincides with the upcoming Lok Sabha elections-2024. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, praised Prime Minister Narendra Modi for the move, highlighting that fuel rates in India are significantly lower compared to those in Italy, France, Germany, and Spain, where prices are 50 to 79 per cent higher.
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