Bhubaneswar: State based oil firms have cut petrol prices by Rs 2.22 per litre in the National Capital from midnight. This seems to bring a sign of relief for middle class and other vehicle owners.
This move comes against the backdrop of some allies of the United Progressive Alliance (UPA) Government and opposition parties alike criticising the move earlier this month by oil retailers to hike petrol prices by Rs1.80 per litre.
It is noteworthy to mention that the reduction in the price is for the first time in almost three years. The last time prices were cut was in January 2009.
With this roll-back, petrol will now cost Rs. 66.42 a litre in Delhi, Rs.70.84 in Kolkata, Rs. 70.38 in Chennai, Rs. 71.47 in Mumbai, Rs. 74.36 in Bengaluru and Rs.66.29 in Bhubaneswar.