Oil companies cut petrol price by Rs. 2.41 a litre on Friday, the sixth reduction since August, and diesel price by Rs. 2.25 a litre on the back of falling international oil rates.
“The reduction in rates of petrol and diesel will be effective from midnight,” Indian Oil Corp, the nation’s largest fuel retailer, said. Petrol will cost Rs. 64.25 a litre in Delhi as against Rs. 66.65 at present. In Mumbai, the rate will be cut by Rs. 2.55 a litre to Rs. 71.91. The revised price in Chennai is Rs. 67.01. Diesel will now cost Rs. 53.35 in Delhi, Rs. 57.95 in Kolkata, Rs. 61.04 in Mumbai and Rs. 56.84 in Chennai. Since August, the petrol price has been cumulatively cut by Rs. 9.36 a litre. Diesel rates have been cut for the second time this month. The government freed diesel prices from its control on October 18.
Revised petrol prices in four metros
(Rs. per litre)
City | Current price | Revised price | Decrease |
Delhi | 66.65 | 64.24 | 2.41 |
Kolkata | 74.21 | 71.68 | 2.53 |
Mumbai | 74.46 | 71.91 | 2.49 |
Chennai | 69.59 | 67.01 | 2.58 |
Revised diesel prices in four metros
(Rs. per litre)
City | Current price | Revised price | Decrease |
Delhi | 55.60 | 53.35 | 2.25 |
Kolkata | 60.30 | 57.95 | 2.35 |
Mumbai | 63.54 | 61.04 | 2.50 |
Chennai | 59.27 | 56.84 | 2.43 |
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