This is the 7th straight reduction in price of petrol. On diesel, this is the second increase in rate this month.
Petrol price was on Monday cut by Rs. 3.02 per litre, but diesel rates were hiked by Rs. 1.47 a litre — the second increase this month in line with global trends.
Petrol in Delhi will cost Rs. 56.61 per litre from midnight tonight as against Rs. 59.63.
A litre of diesel, however, will cost Rs. 46.43 a litre as compared to Rs. 44.96 per litre, according to Indian Oil Corp (IOC), the nation’s largest fuel retailer.
This is the 7th straight reduction in price of petrol.
Petrol price was last cut on February 18 by 32 paisa a litre.
On diesel, this is the second increase in rate this month. The price was hiked by 28 paisa a litre last time.
Prior to that revision, fuel rates were revised on February 1 when petrol price was cut by a marginal 4 paise a litre and diesel by 3 paise a litre after the government raised excise duty to take away most of the benefit arising from fall in international oil prices.
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