Petrol rates were slashed on Tuesday by an average of about Rs 3 The new rate will come into effect in Pune from midnight of May 1. Petrol will be Rs 69.42/litre and power petrol Rs 78.94 In PCMC limits,the rate will be Rs 69.72 The total reduction is Rs 3.76 per litre, said Ali Daruwalla,Pune Petrol Dealers Association spokesperson.