Petrol & Diesel Price Slashed


New Delhi: Petrol price decreased by Rs 1 per litre, diesel price decreased by Rs 2 per litre with effect from midnight tonight. Oil companies on Monday cut the price of petrol by Re 1 while that of diesel was cut by Rs 2 per litre adding to the joy of the celebration of India’s 70th Independence Day.

The cut in the prices of petrol and diesel comes a fortnight after it was slashed by Rs 1.42 and Rs 2.01 respectively on July 31. “The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant a decrease in selling prices, the impact of which is being passed on to consumers with this price revision,” IndianOil said in a statement.