Petrol prices are set to be cut by ₹1.89-2.38 per litre at the stroke of midnight on Independence Day, August 15. This was stated by the Minister of State (Independent Charge) Petroleum and Natural Gas, Dharmendra Pradhan on his official Twitter page.
The Minister tweeted that the price cut would be to the tune of ₹2.38 per litre in Delhi.
Prices of petrol are revised every fortnight by oil marketing companies. On Tuesday, IndianOil Chairman, B Ashok also indicated a possible price cut.
"Prices are reviewed every fortnight. Right now all indications are positive towards a price cut," Ashok said on Tuesday.