Petrol price cut

Petrol cut by Rs 2.16 a litre, diesel by Rs 2.10

Petrol price was today cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre, reversing the four week trend of rising rates.

TRENDING News :-

Petrol price was today cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre, reversing the four week trend of rising rates.

The reduction, which will be effective from midnight tonight, comes on back of a marginal 2 paise a litre increase in petrol and 52 paise per litre hike in diesel rates effected from May 1.

Prior to that, petrol price was hiked by Rs 1.39 per litre and diesel by Rs 1.04 a litre from April 16.

Indian Oil Corp (IOC), the nation’s largest fuel retailer, said the price of petrol is being reduced price by Rs 2.16 per litre and that of diesel by Rs 2.10 – both excluding state levies.

Actual reduction in price will be more after taking into account local VAT. Petrol in Delhi will cost Rs 65.32 a litre from tomorrow as against Rs 68.09 currently. Similarly, a litre of diesel will be priced at Rs 54.90 as compared to Rs 57.35 at present.

READ MORE