Petrol prices down by 31p, diesel 71p

Petrol prices were on Tuesday cut by 31 paise per litre and diesel by 71 paise a litre in line with fall in international oil rates and rupee appreciation. The cut in petrol prices comes on <g data-gr-id="12">back</g> of three successive increases since May, while this is the second reduction in diesel rates this month. Petrol in Delhi will cost Rs 66.62 per litre from Wednesday instead of Rs 66.93 at present. 

A litre of diesel will cost Rs 50.22 per litre as against Rs 50.93 earlier, Indian Oil Corp (IOC), the nation’s largest oil company, said. Auto fuel rates were last revised on June 16 when prices of petrol were hiked by 64 paise a litre but diesel rates were cut by Rs 1.35 per litre. “Since last price change, there has been a decrease in international prices of both petrol and diesel. <g data-gr-id="11">Indian</g> rupee-US dollar exchange rate has appreciated,” IOC said.