Petrol price on Monday was cut by Rs 2 per litre while diesel rate was reduced by 50 paise a litre - the third reduction in rates this month following global cues. The new rates will be effective from the midnight of August 31 and September 1.<br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive