With Assembly polls around the corner, the festive season coming up and noticing a growing frustration among people with rising prices, the Narendra Modi government finally slashed the retail costs of petrol and diesel by Rs 2.50 a litre on Thursday.
Union finance minister Arun Jaitley, who announced the reduction, also appealed to all state governments to come up with a matching reduction so as to provide substantial relief to common people.
Residents of Delhi-NCR largely welcomed the much-needed move that looks to tackle the impact of spiralling commodity prices and a weakening rupee.
Several BJP-ruled states, including Haryana and Uttar Pradesh, rushed to match the Centre’s reduction. As a result, in Gurugram and Noida/Ghaziabad fuel prices came down by Rs 5 per litre from the midnight itself.