There is good news if you are into traveling because there is second price cut in fuel this month for diesel. The price cut is because now Oil Producing companies are free to decide price of fuel based on International market.

Petrol price was on Friday cut by Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates.

The reduction in rates of petrol and diesel, which was deregulated for the first time in more than a decade, will be effective from midnight tonight, Indian Oil Corp, the nation's largest fuel retailer, announced.

Hopefully it will not get increase again.