New Delhi, Jul 31 (HT) : Oil marketing companies have slashed retail selling price of petrol by ₹ 1.09 a litre in Delhi, with a corresponding decrease in other states due to the strengthening of the Indian rupee vis-à-vis the US Dollar. The price cut will be effective from midnight July 31/August 1.
After the price cut, petrol will be available for ₹ 72.51 a litre in Delhi, ₹ 80.60 in Mumbai, ₹ 80.30 in Kolkata and ₹ 75.78 in Chennai.
Price of diesel sold to bulk customers like railways has also been reduced by ₹ 0.71 a litre at Delhi (including VAT), with a corresponding decrease in other states.
However, the retail selling price of diesel for normal customers has been increased by ₹ 0.56 a litre (including VAT) in Delhi. The increase is as per the January 2013 Government directive to increase diesel prices.
After the hike domestic retail selling price of diesel in Delhi will be ₹ 58.40 a litre, ₹ 66.63 in Mumbai, ₹ 63.22 in Kolkata and ₹ 62.30 in Chennai.
Due to the hike, the under-recovery in diesel will fall to ₹ 1.33 a litre from ₹ 1.83 a litre.
There has also been a cut in the price of domestic non-subsidised LPG cylinders. From midnight, non-subsidised cylinders will be ₹ 2.50 a cylinder cheaper for a 14.2 kg cylinder and ₹ 4 cheaper for a 19 kg cylinder in Delhi (including VAT). There has been a corresponding decrease in other states.