Petrol price cut by 89 paise and diesel by 49 paise

Petrol prices was cut by 89 paise per litre and diesel by 49 paise per litre on Thursday its the first decrease in rates in two months. Petrol will cost ₹ 64.76 per litre in Delhi from Thursday midnight, Indian Oil Corp declared diesel will cost ₹ 54.70 per litre. This is the first reduction in rates in two months. The present level of international product prices of diesel, petrol and Rupee-US Dollar exchange rate warrant decreased in selling price of petrol and diesel the impact of which is being passed on-to the consumers with this price revision.