Diesel rates cut by 50 paise a litre

Diesel price was cut by 50 paise a litre in Delhi, including state levies, with corresponding price changes in other states, effective from Thursday, Indian Oil Corp (IOC) announced.

“The current level of international prices and INR-USD exchange rate warrant a price increase, which is being passed on to consumers with this price revision,” state-run IOC said in a statement here.

With this, the retail price per litre of diesel from October 1 will be Rs.44.95 in Delhi, Rs.48.71 in Kolkata, Rs.52.08 in Mumbai and Rs.46.08 in Chennai.

On September 1, petrol price was cut by Rs.2 per litre and diesel by Rs.0.50 a litre.

On Wednesday, the Maharashtra government decided to levy a surcharge of Rs.2 on petrol and diesel, effective from October 1.