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Petrol down Rs 1.15/ litre, diesel up 50 p

The price of petrol was on Thursday cut by Rs 1.15 per litre and diesel prices were raised by 50 paise per litre with effect from Thursday midnight. These price changes exclude local sales tax or VAT. The petrol price in Delhi would effectively be lower by Rs 1.38 to Rs 71.02 per litre and the diesel price in Delhi higher by 56 paise to Rs 53.10 per litre.

Thursday’s diesel price hike is the 10th since 17 January and most of the losses on diesel sales should have been wiped out by now to make fuel market priced.
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