Petrol to cost Rs one less per litre in Delhi

The price of petrol was reduced by Re 1 per litre on Monday, effective from midnight tonight.This price cut, the third in one month, was made possible by the fall in international crude oil prices and excludes local sales tax or VAT. After including VAT, the reduction in price in Delhi comes to Rs 1.20 per litre and the fuel will cost Rs 66.09 per litre from against Rs 67.29. There will be no change in diesel prices. Oil firms calculate the desired retail price on 1st and 16th of every month based on average imported oil price on the previous fortnight.