Petrol prices slashed by Rs 2.25; diesel cut by Rs 0.42 per litre

The price of petrol has been decreased by Rs 2.25 per litre, diesel price decreased Rs 0.42 per litre. This will come into effect from midnight tonight.

In Delhi, now petrol will cost Rs 62.51 a litre as compared to Rs 64.76 per litre currently. Similarly, diesel will cost Rs 54.28 per litre as against Rs 54.70 per litre.

The decision was taken by Indian Oil Corporation Ltd. “With this change, the price of petrol in Delhi will become ₹ 62.51 per litre and of diesel ₹ 54.28 per litre,” the company said in a statement.

On June 16, Petrol price was last cut by 89 paise a litre and diesel price reduced by 49 paise a litre with effect from midnight tonight. This is the first decrease in rates in two months.

In Delhi, now petrol will cost Rs 64.76 a litre as compared to Rs 65.65 per litre currently. Similarly, diesel will cost Rs 54.70 per litre as against Rs 55.19 per litre.

The movement is expected to be on account 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.