Published On : Fri, Apr 15th, 2016

Petrol price slashed by 74 paise while diesel prices were cut by Rs 1.30

Nagpur: Petrol price on Friday cut by Rs 0.74 per litre and diesel by Rs 1.30 per litre.

The change in price will be effective from Friday midnight.

Petrol in Delhi will cost Rs 61.13 per litre from midnight tonight as against Rs 61.87 per litre currently. Similarly, diesel will cost Rs 48.01 per litre as against Rs 49.31 at present.

The hike comes on the back of a steep hike of Rs 2.19 a litre on petrol and 98 paise on diesel on April 4. After increasing the prices of the fuel twice in a row, this will bring some relief to consumers.

State-owned fuel retailers IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) revise rates of the fuel on 1st and 16th of every month based on the average oil price and the foreign exchange rate in the preceding fortnight.