Petrol price cut by 74 paise, diesel by Rs 1.30

New Delhi: Petrol and diesel prices were on Friday slashed by 74 paise and Rs 1.30 a litre including Value Added Service ( VAT) from the midnight.

Now, petrol will cost Rs 61.13 in Delhi, Rs 64.90 in Kolkata, Rs 65.63 in Mumbai and Rs 60.58 in Chennai. For diesel, the consumer will have to pay Rs 48.01 per litre in Delhi, Rs 50.48 in Kolkata, Rs 53.49 in Mumbai and Rs 48.76 in Chennai.

In a statement, Indian Oil Corporation said the international prices of petrol and diesel and rupee- dollar exchange rate warrant a decrease in petrol and diesel prices. (ANI)