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The relief for consumers will come into effect from June 1, ANI added.
Various state governments impose Value Added Tax (VAT) on petrol and diesel besides the excise duty levied on them by the central government.
Earlier in the day, an error in the official website of Indian Oil Corporation (IOCL), the country’s largest fuel retailer, resulted in an embarrassment of sorts. Petrol and diesel prices were cut by 1 paisa per litre in the national capital of Delhi after the prices went up for 16 straight days.
Read here: Indian Oil faux pas: Petrol, diesel prices cut by 1 paisa, not 60 paise
However, IOC’s website in the morning notified that petrol and diesel prices have been cut by 60 paise and 56 paise respectively. Later, the error was fixed.