NEW DELHI: Petrol price was today cut by Rs 0.50 per litre but there will be no change in rates of diesel.
Petrol will cost Rs 60.70 per litre in Delhi from midnight tonight as against Rs 61.20 currently, Indian Oil Corp, the nation’s largest fuel retailer, said.
This is first change in petrol price since September 1 when it was cut by Rs 2 per litre to Rs 61.20 in Delhi.
Subsequent fortnight did not see any rate change in petrol.
Diesel rates though not changed today, had been hiked twice since then, by 95 paise on October 16 and by 50 paise on October 1.
“The current level of international product prices and Rupee-US Dollar exchange rate warrant a price decrease, which is being passed on to consumers with this price revision,” IOC said in a statement. (AGENCIES)
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