Petrol price slashed by Re 1 per litre, diesel by Rs 2 per litre

Petrol would now cost Rs 61.51 and diesel Rs 52.28 in Delhi.

By: Express Web Desk | New Delhi | Updated: August 15, 2016 11:55 pm
Mumbai, Mumbai news, no helmet no petrol rule, helmet rule Mumbai, compulsory helmet mumbai, Devendra Fadnavis, news, latest news, transport minister maharashtra, Diwakar Raote, pune traffic rules, mumbai latest, helmet rule, mumbai news, india news Petrol would now cost Rs 61.51 and diesel Rs 52.28 in Delhi. (file photo)

The price of Petrol has been decreased by Re 1 per litre and the diesel price by Rs 2 per litre with immediate effect from midnight. This is the fourth time since July where rates have been slashed.

Petrol will now cost Rs 60.09 a litre in Delhi from midnight as compared to Rs 61.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost Rs 50.27 per litre as against Rs 52.27.

The price was last cut by Rs 1.42 a litre in case of petrol and by Rs 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.

With PTI inputs

For all the latest India News, download Indian Express App

  1. A
    Ashok Mazumdar
    Aug 16, 2016 at 3:21 am
    Pl. Reduce the fuel prices by 25% at least so that food prices come down. By raising taxes/imposing new taxes where would the money be spent ? on Roads ?
    Reply