Petrol price down Rs 2.50, diesel by Rs 2.25 a litre post reduction in excise duty

Petrol price was on Wednesday cut by Rs 2.50 per litre and diesel by Rs 2.25 following the reduction in excise duty on auto fuels. Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel now comes for Rs 56.89 as against Rs 59.14 previously, according to Indian Oil Corp (IOC), the nation’s largest fuel retailer. The government had on Tuesday cut excise duty on petrol and diesel by Rs 2 per litre each to moderate the relentless rise in fuel prices over…

Read More