Petrol price is reduced by 65 paise per litre from midnight, but the first reduction in diesel rates in over five years was put off until the return of Prime Minister Narendra Modi from the US.
Diesel rates could be decreased by 1 rupee. State-owned oil firms, which skipped raising rates on September 16 cut prices in view of the downward trend in international markets. Alongside, the price of non-subsidised 14.2-kg cooking gas LPG cylinder was cut by Rs. 21.