Petrol and diesel prices have been cut by ₹2 per litre across the country. The reduction comes into effect from March 15
In Delhi, petrol price per litre goes down from ₹96.72 to ₹94.72. Diesel rate falls from ₹89.62 to ₹87.62
Similarly, in Mumbai, per litre price of petrol is at ₹104.21, down from ₹106.31. Diesel rate slides to ₹92.15 from ₹94.27
For someone in Mumbai travelling 1,000 kms per day in a petrol car with 10 kmpl mileage, the monthly expense falls from ₹10,631 to ₹10,421
In Delhi, the same person driving a diesel car with 10 kmpl mileage will now spend ₹9,472 instead of 9,672
It is likely that several state governments may also announce price cuts in local VAT imposed on both fuels which could then increase the savings for motorists
The Oil ministry says there are six crore cars, 27 crore two-wheelers and 58 lakh heavy goods vehicles in India