Petrol & diesel prices slashed by Rs 2 in India

The price cut comes ahead of the Lok Sabha elections.

The government has slashed the prices of petrol and diesel by Rs 2 across the country. The new prices will come into effect on March 15 from 6 am onwards.

In Delhi, a litre of petrol now costs Rs 94.72, while diesel costs Rs 87.62 per litre. In Mumbai, petrol costs Rs 104.21 per litre and the price of diesel is Rs 92.15 per litre.

In a statement posted on the X platform, the Ministry of Petroleum and Natural Gas, said, "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."

The price cut comes ahead of the Lok Sabha elections. It is the first price revision since May 2022. Earlier this month, the government announced a reduction in prices of LPG cylinders (14.2 kg) by Rs 100.