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Price of petrol was today cut by ₹1 a litre and diesel by ₹ 2 per litre, the fourth reduction in rates since July.
Petrol will now cost ₹60.09 a litre in Delhi from midnight as compared to ₹61.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost ₹ 50.27 per litre as against ₹52.27.
The price was last cut by ₹1.42 a litre in case of petrol and by ₹2.01 per litre for diesel on August 1.
“The current level of international product prices of petrol and diesel and rupee-dollar exchange rate warrant a decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said.
The movement of prices in the international oil market and rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, IOC added.
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