New Delhi, March 14 -- State-run oil marketing companies slashed pump prices of petrol and diesel by Rs.2 per litre from Friday, continuing a spree of pre-election incentives to consumers that saw reductions in the rates of cooking gas and compressed natural gas for automobiles earlier this month.

The news of slashing deregulated petrol and diesel rates was broken on social media platform X by the petroleum ministry late on Thursday night. In Delhi, one litre of petrol will be sold for Rs.94.72 and diesel at Rs.87.62 from 6am on Friday. Rates will vary from city to city due to differences in local levies. The ministry, however, said that the oil marketing companies (OMCs) informed it about the move to revise fuel rates.

In a post on X, ...