New Delhi/ Bengaluru/ Mumbai, Feb 04 (ANI): Fuel prices have been reduced by Rs 2.42 for Petrol and Rs 2.25 for Diesel with effect from the midnight of February 3rd and 4th. Indian Oil Corporation (IOC) said it would cut the retail price of diesel by about 4.7 percent and that of gasoline by 4.1 percent from Wednesday (February 04), as global prices have eased since the last revision. AAP leader Ashish Khetan said that slashing of fuel prices was a stunt by the Central government keeping February 07 Delhi polls in mind. BJP leader Meenakshi Lekhi said that fuel prices never got reduced during Congress' rule. Meanwhile, residents gave their mixed reactions following fuel price reduction.