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Privatisation of BPCL will not just shake up fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.
The discount on debit card and other digital modes of payments would continue.
Fuel companies stop supply in Pune, Patna, Ranchi, Vizag and Mohali also because of Rs 5,000 crore dues.
Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to raise over Rs 28,000 crore.
The winners of IBeTo will be given exciting prizes including fab-lab access and direct entry into competitions organised by the Kerala Start Up Mission (KSUM).
The crown prince arrived here on a less than 30-hour visit, a day after concluding his high-profile tour of Pakistan.
He had opened the much-awaited Kollam bypass on National Highway-66 here on January 15
He also dedicated the Mounded Storage Vessel of the Indian Oil Corporation Ltd and also remotely laid the foundation stone for a Skill Development Institute.
According to Petroleum Ministry officials, the target for the EBP programme could be increased to 20 per cent by 2030.
Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification of state-owned oil firms.