Petrol and Diesel gets price cut by 2.5

The central government has cut the prices of petrol and diesel by Rs. 2.50 across the country with immediate effect, Finance minister Arun Jaitley announced. while the excise duty has been reduced by Rs.1.50, Oil marketing companies will take a Rs. 1 hit their revenue, Jaitley added. He further blamed international crude prices for the near daily rise in fuel prices.