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Petrol price cut by Rs 2/litre, diesel by 0.50 paise

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New Delhi: Petrol price was on Monday slashed by Rs 2 per litre while that of diesel were cut by 0.50 per litre to be effective midnight tonight.

The cut in the prices are inclusive of state levies and will vary from state to state.

Will the cut in the prices, petrol will now cost Rs 61.20 a litre in Delhi while diesel will cost Rs 44.45 a litre.

Earlier on August 16, oil companies had cut the prices of petrol by Rs 1.27 per litre while that of diesel was cut by Rs 1.17 per litre.

“Since last price change (with effect from August 1, 2015), there has been a decrease in international prices of both petrol and diesel. The rupee-dollar exchange rate has, however, depreciated during this period. Combined impact of both these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease,” Indian Oil said in a statement.