Petrol price slashed by Rs 2 per litre, but this is excluding local taxes. While petrol price has been cut by Rs. 2 per litre, excluding local sales tax or VAT, there will be no change in diesel rates. After including VAT, the reduction in price of petrol in Delhi comes to Rs. 2.40 per litre and the fuel will from midnight tonight cost Rs. 68.34 per litre as against Rs. 70.74 currently.

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