One paisa cut on petrol prices; Netizens say that’s salt on wounds, not relief

In a statement issued by IOCL said, “The reduction was supposed to be 1 paisa but due to a clerical error the price prevalent on May 25 was communicated as today’s price,” a senior official of Indian Oil Corp (IOC) explained.

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Petrol price reduced by ONE PAISA and Netizens are confused where to invest the savings. (Source: Deepika Sihag/Twitter)

India woke up to the news of a petrol price cut on Wednesday. But the joy was short-lived as it turned out that the actual reduction in price was just 1 paisa and the 60 paise cut was just an error on the Indian Oil Corporation (IOCL) website. In a statement, IOCL said, “The reduction was supposed to be 1 paisa but due to a clerical error the price prevalent on May 25 was communicated as today’s price.” The current price of petrol is at Rs 78.42/litre in Delhi and Rs 86.23/litre in Mumbai while diesel stood at Rs 69.30/litre in Delhi and Rs 73.78/litre in Mumbai.

Netizens took to social media to react to this ‘cut in petrol prices’. “Arre! We must fill up petrol today – price reduced by a WHOPPING ONE PAISA per LITRE in Delhi! Hurry!”, tweeted a user. “Under pressure govt cut Petrol & Diesel price One paisa per litre. Wow !!! big achievement to Government”, said another.

Here are some of the reactions.

yaaay – i saved 29 paise on a full tank. What all do i do with that savings … any suggestions https://t.co/27jp335ATA

— Harini Calamur (@calamur) May 30, 2018

I am going to invest this in mutual funds now https://t.co/SkYnFgL5Xb

— Saurabh Sharma (@100rabhsaccount) May 30, 2018

Isn’t it a joke on common people? https://t.co/KPJbyIQhOh

— Prabodh Kant (@prabodh_kant) May 30, 2018

SALE !! SALE !! SALE !!

Discount on Petrol of 1 Paisa https://t.co/sRM82diemQ

— Godman Chikna (@Madan_Chikna) May 30, 2018

When @IndianOilcl , slashes prices of petrol and diesel by 1 paisa.

Petrol now at Rs 86.23/litre & diesel selling for Rs 73.78/litre in Mumbai #PetrolPrice #Petrolled pic.twitter.com/wgw13iZybe

— Ruchita Maheshwari (@Ruchi_Mahi) May 30, 2018

Yaar please don’t spoil us na with your largesse. https://t.co/cX2YUvquAm

— Smita Prakash (@smitaprakash) May 30, 2018

1. When you realise petrol prices have dropped
2. By 1 PAISA pic.twitter.com/iIs6KORRcO

— Appurv Gupta-GuptaJi (@appurv_gupta) May 30, 2018

Brace yourself. Oil makers like @IndianOilcl MADE A MISTAKE revision in petrol/diesel prices is NOT 60/56 paisa. ItS ONE PAISA. Damn. Thats salt on wounds not relief. New and old prices in one day. @dpradhanbjp watching ??? pic.twitter.com/SxVbs1W7va

— rahul shrivastava (@Rahulshrivstv) May 30, 2018

Petrol price cut by 1(one) paisa! What a relief!

— G K Pillai (@GKPillai10) May 30, 2018

Arre! We must fill up petrol today – price reduced by a WHOPPING ONE PAISA per LITRE in Delhi ! Hurry ! https://t.co/s4UKP2y5oS via @ndtv

— Manmohan Bahadur (@BahadurManmohan) May 30, 2018

After the marvellous one paise cut in petrol prices, the 56 inch chest has shown it’s metal……

all my thoughts are rushing towards what all I can buy, house, car, chopper, etc etc from this”ek Paisa”.#ekpaisekekimattumkyajano

— Deepika Sihag (@Deepika_Sihag) May 30, 2018

Under pressure govt cut Petrol & Diesel price One paisa per litre . Wow !!! big achievement to Govt. pic.twitter.com/wM8cHnxivy

— G Patankar (@PatankarG) May 30, 2018

As a gesture of goodwill & as proof that the Modi govt is not oblivious to the hardships of the common man due to high fuel prices, prices for both, Petrol & Diesel, have been reduced by ONE WHOLE PAISA each.
Prices for 30/05/18
Petrol ₹84.06 | Diesel ₹72.98#DayaluSarkaar

— Sanjay Gupta (@sanjay0864) May 29, 2018

Rising Petrol price pic.twitter.com/1catcTjr6A

— Manoj Jha india. (@1977_jha) May 30, 2018

After 16 days what you get to know is…….
Possibility of Qualifying UPSC > Percentage Deduction in #PetrolPrice

— Keshav Kumar (@Keshav_Kumar__) May 30, 2018

What are planning to buy after saving one paisa? Let us know in the comments below.