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This article was first published 12 years ago

Petrol prices SLASHED by over Rs 2.20 a litre

Last updated on: November 15, 2011 19:06 IST

Image: Global oil rates have softened.

Petrol price was slashed by Rs 2.22 a litre, the first reduction in 33 months.

Petrol in Delhi will cost Rs 66.42 per litre with effect from midnight tonight as against Rs 68.64 a litre now.

Table of petro price in 4 cities

Following are the revised rates of petrol in the four metros after on Tuesday's cut in prices. New rates are effective midnight of Tuesday. 

City

Current price (Rs)

New price (Rs)

Reduction

Delhi

68.64

66.42

2.22

Kolkata

73.15

70.84

2.31

Mumbai

73.81

71.47

2.34

Chennai

72.73

70.38

2.35

...

Petrol prices SLASHED by over Rs 2.20 a litre

Image: Petrol price was hiked this month.

The reduction comes days after state-owned oil companies raised petrol prices by a steep Rs 1.80 per litre.

State-owned oil companies passed on Rs 1.85 a litre that they gained from a fall in global oil prices and a marginal appreciation in rupee value.

...

Petrol prices SLASHED by over Rs 2.20 a litre

Image: Gasoline (petrol) averaged $115.8 per barrel.

Adding 20 per cent local sales tax, the decrease in Delhi comes to Rs 2.22 per litre.

The reduction in Mumbai was Rs 2.34 per liter while in Kolkata it was Rs 2.31 a litre. The price cut in Chennai was Rs 2.35 per litre.

...


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