NEW DELHI, July 31:
Petrol price was today cut by Rs 1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 56 paise a litre.
The revisions will be effective midnight tonight, Indian Oil Corp, the nation’s largest oil firm, announced today.
Petrol in Delhi will cost Rs 72.51 per litre from tomorrow as against Rs 73.60 a litre currently. Similarly, diesel will be priced at Rs 58.40 per litre from tomorrow as compared to Rs 57.84 currently.
Petrol price was reduced following drop in international oil rates and rupee depreciation against US dollar, making imports cheaper.
For the same reason, price of bulk diesel, which unlike the subsidised fuel available at petrol pumps is priced at market rate, has been cut by 72 paise per litre.
Price of bulk diesel, which as per Government policy is meant for large consumers like state Road Transport Corporations, railways and defence, was last revised on July 16 when rates were cut by Rs 1.09 to Rs 59.32 per litre.
Besides, rates of non-subsidised LPG cylinders, which household consumers buy after exhausting their quota of 12 subsidised bottles, has been reduced by Rs 2.50 per 14.2-kg cylinder. (PTI)
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