Petrol, Diesel Prices Slashed


New Delhi: Petrol prices on Tuesday were cut by 50 paise per litre while diesel rates were lowered by 46 paise per litre.

“The current level of international product prices of petrol & diesel and rupee-dollar exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision,” said Indian Oil Corporation (IOC), the country’s biggest fuel retailer.

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Revised prices will take effect from the midnight of Tuesday and Wednesday.

After this revision, petrol prices in the metro cities will be: Delhi – Rs 59.98/litre; Kolkata – Rs 65.53/litre; Mumbai – Rs 67.04/litre, and Chennai – Rs 60.28/litre. Diesel prices will be: Delhi – Rs 46.09/litre; Kolkata – Rs 49.70/litre; Mumbai – Rs 53.28/litre, and Chennai – Rs 47.28/litre.