NEW DELHI, Mar 14: The Centre on Thursday reduced petrol and diesel prices by ₹ two per litre, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced on X just weeks ahead of the Lok Sabha elections.
The revised price will be effective from March 15, 6 am. “By reducing the prices of petrol and diesel by ₹ 2, the country’s illustrious Prime Minister Modi has once again proved that the welfare and convenience of his family of crores of Indians is always his goal,” the minister said.
“On March 14, 2024, in rupee terms, petrol in India is on average ₹ 94 per litre but in Italy ₹ 168.01- i.e. 79% more; In France ₹ 166.87 i.e. 78% more; In Germany ₹ 159.57 i.e. 70% more and in Spain ₹ 145.13 i.e. 54% more,” he added.
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 petroleum ministry said.
(Manas Dasgupta)
