The cut in prices would take effect from the 1st of June 2012.
The price of petrol after the cut of Rs3.39 would come down to Rs99.97 per litre.
The new price of High speed Diesel would come down to Rs105.77 per litre after a cut of Rs1.23.
Kerosene oil would come down to Rs125.07 after a decrease of Rs10.74 per litre.