Petrol price cut by Rs 3.77 a litre, diesel by Rs 2.91
Oil marketing companies have effected one of the largest price cuts in recent times, citing
The news, coming an hour before midnight of March 31 and April 1 is no April Fools Day joke. Indian Oil Corporation has announced a decrease in the selling price of petrol by Rs 3.77/litre (excluding State levies) and Rs 2.91/litre for diesel.
This is one of the largest price cuts in recent times and will bring a smile to motorists who have for long been resigned to paying for rising fuel prices.
The latest price revision comes two-and-a-half months after fuel prices were last changed on January 15 this year; petrol prices were then hiked by 42 paise a litre and diesel by Rs 1.03 a litre. The price reduction is due to a reduction in global crude oil price and the Indian rupee to US dollar rate.
From April 1, a litre of petrol will cost Rs 66.29 in Delhi, Rs 68.97 in Kolkata, Rs 72.66 in Mumbai and Rs 69.28 in Chennai. A litre of diesel will now cost Rs 55.61 in Delhi, Rs 57.86 in Kolkata, Rs 61.27 in Mumbai and Rs 58.82 in Chennai.
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