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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.

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Video: Vijay takes oath as Tamil Nadu CM amid loud cheers and chants

TVK leader C Joseph Vijay on Sunday took oath as the Chief Minister of Tamil Nadu amid a sea of supporters, his friends and family, and several political leaders. Eight other TVK leaders were sworn in besides him, as ministers in the new government. Congress leader Rahul Gandhi also attended the ceremony. The TVK managed to secure the Governor's nod to form the government after the Congress, the CPI, the CPI(M), the VCK, and IUML extended their support to the Vijay-led party for a colaition government.