This is probably the best news for petrol car owners in a long time. In a strategic move by the Government, the prices of petrol has been reduces by Rs. 1.85 per liter. The result in price reduction is different in different states (due to the taxes) with petrol now being cheaper by Rs. 2.22 per liter in Delhi, Rs. 2.31 per liter in Kolkata, Rs. 2.35 per liter in Chennai and Rs. 2.34 per liter in Mumbai. The result in the price reduction will be applicable from midnight and the reason for this price reduction has been the decrease in value of oil barrel globally. Hopefully, this price is maintained and we don’t see any price hike in the near future.