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Public sector oil marketing companies announced a cut in retail selling price of petrol by 63 paise a litre and diesel by Rs 1.06 a litre in Delhi on Tuesday. The price cut is inclusive of state levies and will vary from state to state.
The price change will be effective midnight December 31/January 1. After the change petrol will cost ₹ 59.35 a litre in Delhi while diesel will cost ₹ 45.03 a litre.
"The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision," IndianOil said in a statement.
"The movement of prices in the international oil market and rupee-US Dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," it added.
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