Petrol price was today cut by 32 paise and diesel by 85 paise a litre, the fourth reduction in rates in six weeks on the back of softening global oil prices.
Petrol in Delhi will cost Rs 59.03 per litre with effect from midnight tonight as against Rs 59.35 per litre currently.
A litre of diesel will cost Rs 44.18 as opposed to Rs 45.03 presently, said Indian Oil Corp (IOC), the nation’s biggest fuel retailer. This the fourth reduction in rates since December 1.
Rates were on that day cut by 58 paise a litre in case of petrol and by 25 paise in diesel. This was followed by a 50 paise a litre reduction in price of petrol from December 16 and 46 paise in case of diesel.
Petrol price, on January 1, was cut by 63 paise per litre and diesel’s by Rs 1.06 a litre.
