Following a dip in price of crude oil in the international market, India seems to heave a sigh of relief with a reduction in the rates of petrol and diesel.
Petrol and diesel prices are slashed by Rs 2.42 per litre and Rs 2.25 per litre respectively.
The price reduction will be effective midnight.
Rates will differ from state to state due to differential local sales tax or VAT rates.
In Chennai Petrol price will cost Rs.58.88 a litre and diesel price will cost Rs.48.91 per litre