The price of petrol has been slashed by Rs 2.25 a litre, and that of diesel by 42 paise a litre, reported PTI. This is the second time this month that the fuel prices have been cut. The new prices were put in effect from Friday midnight.
In Delhi, a litre of petrol will now cost Rs 62.51, while diesel will be Rs 54.28 per litre. On July 1, petrol price was cut by 89 paise a litre and diesel by 49 paise. "The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” read a statement released by the country's largest fuel retailer.
Bharat Petroleum Corporation, Hindustan Petroleum Corporation and IOC review fuel prices in the country on the 1st and 16th of every month.
Limited-time offer: Big stories, small price. Keep independent media alive. Become a Scroll member today!
Our journalism is for everyone. But you can get special privileges by buying an annual Scroll Membership. Sign up today!