Minister of State (MoS) in the Prime Minister's Office (PMO) Dr. Jitendra Singh on Thursday said that the decrease in petrol prices is great news and added that it reflects the stabilization of prices in an orderly fashion.
"We always said that the prices will stabilize in an orderly fashion, the decrease in petrol prices is great news," said Singh.
Earlier today, petrol price was decreased by rupees 1.09 a litre, while the price of diesel was hiked by 50 paise per litre.
This is the first drop in the prices of petrol since April.
However, the increase in the price of diesel is as per the January 2013 Government directive to increase diesel prices.
The revised prices will take effect from midnight.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app