Petrol, diesel, LPG prices cut 
                               New 
                        Delhi: Following the steep fall in the prices of fuel 
                        in international markets, the Centre has slashed the retail 
                        prices of petrol, diesel and domestic Liquefied Petroleum 
                        Gas (cooking gas) by Rs 5, Rs 2 (both per litre) and Rs 
                        25 (per cylinder), respectively, across the country with 
                        immediate effect. This is the second time the price has 
                        been reduced in the last two months since the global prices 
                        began falling from its all time high it reached nearly 
                        a year ago. The decision to reduce the petro prices was 
                        taken by the Cabinet committee on political affairs chaired 
                        by foreign minister Pranab Mukherjee in the absence of 
                        Prime Minister Manmohan Singh who is convalescing after 
                        coronary bypass surgery at the All-India Institute of 
                        Medical Sciences. 
                               Petroleum 
                        Minister Murli Deora said, "The Cabinet Committee on Political 
                        Affairs headed by External Affairs Minister Pranab Mukherjee 
                        decided to reduce petrol, diesel and LPG prices to pass 
                        on the benefit of softening international oil prices to 
                        consumers." The new prices came into effect from Wednesday 
                        midnight. Petrol in Delhi will cost now Rs 40.62 a litre 
                        instead of the present Rs 45.62 per litre , while diesel 
                        will be sold at Rs 30.86 per litre as against current 
                        Rs 32.86 a litre. Similarly, a 14.2-kg domestic LPG cylinder 
                        will now cost Rs 279.70 in place of Rs 304.70. In Mumbai 
                        petrol will cost Rs 44.55, diesel Rs 34.45 and LPG Rs 
                        312.05. In Kolkata petrol will cost Rs 44.05, diesel Rs 
                        33.21 and LPG Rs327.05 and in Chennai petrol will cost 
                        Rs 44.25, diesel Rs 32.82 and LPG Rs 314.55.
                        -Jan 
                        28, 2009
                         
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