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Petrol price cut by Rs.1.09 a litre, diesel hiked 50 paise

  •   Thu, Jul 31 2014 08:10:22 PM

New Delhi, July 31 (IANS): Petrol price was Thursday lowered by Rs.1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 50 paise a litre.

The revisions will be effective midnight Thursday, Indian Oil Corp said.

"During the past fortnight, petrol prices have shown a downward trend while the INR-USD exchange rate has slightly depreciated," IOC said in a release. 

Allowing for local taxes, petrol per litre will cost Rs.72.51 in Delhi, Rs.80.30 in Kolkata, Rs.80.60 in Mumbai and Rs.75.78 in Chennai.
  

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Title: Petrol price cut by Rs.1.09 a litre, diesel hiked 50 paise



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