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Thursday, July 31, 2014 (20:59:58)
Tags : India Business news, Petrol price, diesel

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

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New Delhi, July 31: 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.(IANS)