Keeping in sight Assembly elections in Assam and four other States, the Centre has slashed the prices of petrol and diesel for the first time in over a year.
Ahead of the State Assembly elections and mounting pressure over exorbitant prices of petrol and diesel, the BJP-led Central Government has decided to distribute peanuts by cutting fuel prices by a few paises in Assam and other parts of the country.
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Assam is going to polls in three phases – March 27, April 1 and April 6, 2021.
The Centre has cut the prices of petrol and diesel by 18 paise/litre and by 17 paise/litre respectively.
Petrol price was cut to Rs 90.99 a litre in Delhi from Rs 91.17 per litre.
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Diesel now comes for Rs 81.30 a litre in the national capital, down from Rs 81.47 previously.
Rates have been reduced across the country and vary from state to state depending on the local incidence of taxation (VAT).
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This is the first reduction in fuel prices in over a year.
Prices were last reduced on March 16, 2020.
Prices of petrol and diesel last month had hit record highs including crossing Rs 100 mark in some places in Rajasthan, Maharastra and Madhya Pradesh.
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The prices of petrol and diesel had remained stagnant since February-end when elections to five states including West Bengal, Assam, Tamil Nadu and Kerala were announced.