In an attempt to pass on the benefit of weakening international oil prices to consumers, the government on Wednesday night slashed petrol price by Rs 5 a litre and diesel by Rs 2 a liter, while the prices domestic LPG was also slashed by as much as Rs 25 per cylinder.
The reduction was effective from January 28 midnight.
Earlier, on Dec. 6, 2008, the government had reduced the petrol price by Rs 5 a liter and diesel price by Rs 2 a liter.