Citing a fall in international diesel rates, state-run Indian Oil (IoC) on Monday cut the fuel price by Rs.1.35 per litre, while increasing that of petrol by 64 paise a litre effective midnight. Both rates include state levies in Delhi, the IOC said here.
“Prices of petrol and diesel were last revised w.e.f. May 16, 2015. Since last price change, there has been an increase in international prices of petrol, while international prices of diesel have shown a downward trend,” the oil marketer said in a statement.
The price of petrol per litre from Tuesday will be Rs.66.93 in Delhi, Rs.74.42 in Kolkata, Rs.74.78 in Mumbai and Rs.70.12 in Chennai. Diesel will cost Rs.50.93 a litre in Delhi, Rs.55.45 in Kolkata, Rs.58.37 in Mumbai and Rs.54.29 in Chennai.
IOC on May 15 hiked petrol price by Rs.3.13 a litre and diesel by Rs.2.71 a litre, including state levies. The Indian basket of crude oil cost $62.83 a barrel on the last trading day on Friday. A barrel equals 159 litres. (IANS)