On the first day of the new fiscal year, oil marketing companies have given motorists some cause for cheer.

As per a statement from leading OMC IndianOil Corporation, the prices of petrol and diesel have been reduced. Prices of the two fuels were last revised on March 1.

Following the depreciation of the dollar versus the rupee and also falling international crude oil prices, the price of petrol will stand reduced by 0.49 paise per litre and that of diesel by 1.21 per litre (including state taxes), in Delhi, from midnight of April 1-2.

The latest price table for four metro cities is as under: