Govt cut Petrol, Diesel and LPG prices

For the second time in as many months, the Government on Wednesday night cut petrol price by Rs 5 a litre and diesel by Rs 2 per litre, while the domestic LPG rate was also slashed by as much as Rs 25 per cylinder.
"The Cabinet Committee on Political Affairs headed by External Affairs Minister Pranab Mukherjee decided to reduce petrol, diesel and LPG prices to pass on the benefit of softening international oil prices to consumers," Petroleum Minister Murli Deora told reporters in New Delhi.
The reduction will be effective from Wednesday midnight, Mukherjee said. "We are giving relief to housewives," Railway Minister Lalu Prasad said pointing to the cut in the cooking gas price. The reduction comes on back of the Rs 5 a litre cut in petrol price and Rs 2 per litre cut in diesel price on 6th December last year.