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Oil companies have cut petrol and diesel prices by ₹2, effective from 6 a.m. on March 14, said Petroleum Minister Hardeep Singh Puri.
“Reduction in petrol and diesel prices will boost consumer spending and reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, six crore cars and 27 crore two-wheelers,” Mr Puri said in a post on X.
He listed some of the other benefits, too. These included more disposable income, boost for tourism and travel industries, control over inflation, increased consumer confidence and spending, reduced outgo for farmers on tractor operations and pump sets, and enhanced profitability for logistics, manufacturing, and retail sectors.
Petrol prices as on Wednesday evening before the price cut were at ₹96.72 in Delhi, ₹106.31 in Mumbai, ₹106.03 in Kolkata and ₹102.63 in Chennai.
Diesel prices were at ₹89.62 in Delhi, ₹94.27 in Mumbai, ₹92.76 in Kolkata and ₹94.24 in Chennai.
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