TOP 100: Government cuts petrol, diesel prices by Rs 2.50/litre

In a relief to consumers hit hard by the unrelenting rise in fuel prices, the government on Thursday cut petrol and diesel prices by Rs 2.50 per litre that will result in a revenue loss of Rs.10,500 crore in six months. It also asked the states to effect a similar cut so that the relief could be to the tune of Rs.5 per litre.