Petrol, diesel prices slashed

The price revision will be effective Friday midnight.

October 31, 2014 08:10 pm | Updated November 17, 2021 01:03 am IST - New Delhi

BANGALORE, 31/08/2013: Motorists line up to buy petrol before midnight, as increase in rates, which will be effective from Saturday midnight, hiked by a steep Rs. 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices, in Bangalore on August 31, 2013. 
Photo: K. Murali Kumar

BANGALORE, 31/08/2013: Motorists line up to buy petrol before midnight, as increase in rates, which will be effective from Saturday midnight, hiked by a steep Rs. 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices, in Bangalore on August 31, 2013. Photo: K. Murali Kumar

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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