Finance Minister announced cut petrol,diesel prices 

Finance Minister Arun Jaitley today announced marginal relief for citizens from runaway fuel prices with a oil duty cut of Rs. 1.50 and another Rs. 1 drop in what the government charges from oil marketing firms.

He blamed rising crude oil prices in the international markets for the rise in fuel prices in India.

The Rs.2.50 benefit for citizens is within the control of the government and oil marketing companies, the finance minister said. “I am sure the states will also start delivering immediately,” Mr Jaitley said, amid the opposition’s allegations that the economy is under severe stress.

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