One paisa petrol price cut: Is there no solution?

Petrol and diesel prices were lowered today, marking the first such reduction in the last 17 days.

The price reduction, which was surrounded in confusion initially, was marginal at best. Prices of both petrol and diesel were cut just by a paisa across the country.

The new petrol prices, at Indian Oil Corporation bunks in metro cities are: Rs 77.42 (Delhi), Rs 81.05 (Kolkata), Rs 86.23 (Mumbai) and Rs 81.42 (Chennai). Prices at bunks operated by other oil companies may differ by a few paise.