ALSO READPetrol, diesel to be cheaper in Maharashtra after 4% VAT cut Indian crude up 19% since daily price revision but petrol up only 8% Excise on petrol, diesel cut by Rs 2/L; Govt may suffer Rs 26,000 cr loss Petrol, diesel prices likely to come down from today as govt cuts excise duty Centre's push for GST in petrol, diesel spells trouble
The diesel price now will be Rs 55.20, Rs 2.48 lower than the present rate of Rs 57.68 per litre. Similarly, the price of petrol will come down by Rs 2.74 per litre to Rs 65.66 from Rs 68.40 per litre, fuel pump owners said.
Meanwhile, fuel pump owners in neighbouring cities like Mohali, Panchkula, Rupnagar expressed concerns.
"It will lead to a diversion of trade and our business will be severely hit," said Mohali based fuel pump owner Ashwinder Singh Mongia.