However, the quantum of reduction of one paisa opened the floodgates criticism on the social media.
Twitter was flooded with hash tags and messages about the price cut, making fun of the situation. ‘#petrolled’, ‘#fuelonfire’, ‘#petrolprice’ and ‘#fuel' were among the hash tags trending on Twitter besides various memes.
One user posed a picture of long gone 5 paise coin, saying "My savings today after filling 5 litres of petrol". Another user said, "I am going to invest it in mutual funds now." Politicians also took to the social media to take a dig at the price cut of one paisa. "Dear PM, You've cut the price of Petrol and Diesel today by 1 paisa. ONE paisa!?? If this is your idea of a prank, it's childish and in poor taste," Congress President Rahul Gandhi said in a tweet.
"P.S. A ONE paisa cut is not a suitable response to the #FuelChallenge I threw you last week," he added.
A faux pas saw the initial announcement coming in that the prices have been cut by 60 paise while the quantum of reduction was only one paisa.