New Delhi, March 15 -- Petrol and diesel prices have been reduced by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision.

The revised price became applicable from 6 am on Friday, March 15,

In Delhi, petrol will now cost Rs 94.72 a litre compared to Rs 96.72 per litre currently while diesel prices will be Rs 87.62 against Rs 89.62 at present. Petrol in Mumbai will cost Rs 104.21 a litre from Friday, Rs 103.94 in Kolkata and Rs 100.75 in Chennai. A litre of diesel will be priced at Rs 92.15 in Mumbai, Rs 90.76 in Kolkata and Rs 92.34 in Chennai.

Rates differ from state to state, depending on the incidence of local taxes.

In a post on X, Ministry of Petroleum and Natural Gas wrote: 'Oil M...