The centre on Thursday said that the Oil Marketing Companies (OMCs) are revising petrol and diesel prices across the country leading to a reduction of fuel prices. The New prices would be effective from 15th March 2024, 06:00 am.
Petrol in the national capital will now cost Rs 94.72 a litre compared to Rs 96.72 per litre currently, and diesel will come for Rs 87.62 against Rs 89.62 at present.
"Oil Marketing Companies (OMCs) have informed that they have revised Petrol and Diesel Prices across the country. New prices would be effective from 15th March 2024, 06:00 AM. Reduction in petrol and diesel prices will boost consumer spending and reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, 6 crore cars and 27 crore two-wheelers," Ministry of Petroleum and Natural Gas said on X.
"Reduction in petrol and diesel prices will boost consumer spending and reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, 6 crore cars and 27 crore two-wheelers," it added.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri informed that the government has slashed petrol and diesel prices by Rs 2.
"By reducing the prices of petrol and diesel ₹ by Rs 2, the country's illustrious Prime Minister Shri @narendramodi ji has once again proved that the welfare and convenience of his family of crores of Indians is always his goal," Hardeep Singh Puri said.
Petrol will now cost Rs 104.21 a litre in Mumbai from Friday, Rs 103.94 in Kolkata and Rs 100.75 in Chennai. A litre of diesel will be priced at Rs 92.15 in Mumbai, Rs 90.76 in Kolkata and Rs 92.34 in Chennai.
The price cut came a week after a Rs 100 per cylinder reduction in cooking gas LPG price was announced. That reduction brought down the rates of LPG for common users to Rs 803 per 14.2-kg cylinder and that for the poor, who got free connections under the Ujjwala scheme, to Rs 503 after accounting for Rs 300 per bottle subsidy that the government gives, as per PTI.