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New Delhi: Petrol price was Thursday lowered by Rs.1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 50 paise a litre.
The revisions will be effective midnight Thursday, Indian Oil Corp said.
'During the past fortnight, petrol prices have shown a downward trend while the INR-USD exchange rate has slightly depreciated,' IOC said in a release.
Allowing for local taxes, petrol per litre will cost Rs.72.51 in Delhi, Rs.80.30 in Kolkata, Rs.80.60 in Mumbai and Rs.75.78 in Chennai.
The revisions will be effective midnight Thursday, Indian Oil Corp said.
'During the past fortnight, petrol prices have shown a downward trend while the INR-USD exchange rate has slightly depreciated,' IOC said in a release.
Allowing for local taxes, petrol per litre will cost Rs.72.51 in Delhi, Rs.80.30 in Kolkata, Rs.80.60 in Mumbai and Rs.75.78 in Chennai.
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