The deceased has been identified as Ajay Kumar and hailed from Gonda district in Uttar Pradesh.
The accused Suresh and Akbar, who hail from Bihar have been arrested and the illicit weapon used in the crime has been recovered, the police said.
According to police officials, Akbar and Suresh were taking food at the latter's residence when Kumar entered and demanded Rs 20 from them.
The deceased demanded money for petrol but the two other men refused to entertain his demand and there was exchange of heated words.
All the three were employed in different factories as workers, police said.
Further investigation is under process, they added.
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