Government: Petrol, Diesel Cheaper If You Don't Use Cash

The government's latest therapy for people suffering due to demonetization is a discount on fuel prices for digital payments.

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The government has stated that petrol and diesel will be cheaper by 0.75 percent if the payment for the transaction is done digitally.

Speaking at a press conference, Finance Minister Arun Jaitley made the announcement about the fuel discount as part of a slew of measures that the government is undertaking to help the common people combat the fallout of the demonetization scheme.

The digital discount of 0.75 percent means that petrol which costs Rs 66.10/litre in the national capital of Delhi will now be 49 paise cheaper at Rs 65.61/litre. Diesel which is priced at Rs. 52.57/litre in Delhi will now be 39 paise cheaper at Rs 52.18/litre.

The price of petrol was hiked by 13 paise/litre and the price of diesel was slashed by 12 paise/litre when the fuel suppliers last revised the prices on December 1, 2016. The prices of petrol and diesel are revised every 15 days in India.

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Story first published: Thursday, December 8, 2016, 19:21 [IST]
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