Petrol to be cheaper by Rs 2/litre; diesel by 50 paise

Indian Oil Corp will cut the price of gasoline by about 3.2 per cent and that of diesel by 1.1 per cent from Tuesday, reflecting changes in global prices of the two fuels since the last revision.

The retail price of gasoline, or petrol, will decline by Rs 2 per litre and that of diesel by 0.50 paisa a litre, a company statement said.

India's three state-controlled oil companies IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd tend to move retail prices of fuels in tandem.

Petrol

	Current Price	Revised Price	Decrease
Delhi	63.20	61.20	2.00
Kolkata	68.10	66.50	1.60
Mumbai	68.24	66.23	2.01
Chennai	63.49	61.46	2.03

Diesel

	Current Price	Revised Price	Decrease
Delhi	44.95	44.45	0.50
Kolkata	48.66	48.23	0.43
Mumbai	50.04	49.51	0.53
Chennai	46.08	45.56	0.52

Source: REUTERS
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Petrol to be cheaper by Rs 2/litre; diesel by 50 paise

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