Arun Jaitly reduces oil prices

DELHI:On thrusday Finance minister Arun Jaitly announced that petrol and diesel prices by will be reduced by 2.50 Rupee.Arun Jaitly stated in press conference with union government that excise duty on petrol and diesel will be cut off by 1.50 Rupees.Furthermore the government has asked oil companies to reduce 1.00 Rupee per litre.Jaitley also said that the central government will be writing all the state government to reduce sales and value added tax.