To give a boost to its slowing economy, the government of India has trim down prices of petrol by Rs 5 and diesel by Rs 2 a litre.

According to the sources, the price cut is effective from Friday midnight.

The sources further revealed that the prices of LPG (cooking gas) and kerosene are kept unchanged.

While commenting on the price cut, Mr. RS Pandey, Petroleum Secretary stated, "the fuel price cut is an interim measure to provide relief to consumers."

According to the reports, the government in June increased the prices of petrol and diesel by Rs 5 and Rs 3 a litre, and that of LPG by Rs 50 a cylinder.