Petrol Price cut by Rs.2.42 Per Litre and Diesel by Rs 2.25

With international crude oil prices continuing to hover below $50 per barrel, the three state-run oil marketing companies (OMCs) Tuesday decided to reduce petrol and diesel prices. According to Indian Oil Corporation (IOC), the petrol price in Delhi — after taking into account the state levies — will be reduced by Rs.2.42 per litre, while diesel cost will come down by Rs.2.25 per litre from midnight Tuesday. (IANS)