Petrol price cut by Rs 1.46 a litre, diesel by Rs 1.53
In a relief for vehicle owners, oil companies on Tuesday cut the prices of petrol and diesel by Rs 1.46 and rs 1.53 a litre respectively.
However, the cut by the oil companies is exclusive of VAT, which means that the actual cut will be higher.
The new prices will come into effective from mid-night tonight Tuesday Nov 15,2016
The cut comes after a string of hikes, i.e. six times, since September and will definitely be a relief for the vehicle owners.
And with this cut, petrol in Delhi will now cost Rs 65.93 a litre from mid-night tonight while taht of diesel will be Rs 54.71, Rs 1.7 lower than Rs 56.41 currently.
In the six hikes, petrol price had gone up by Rs 7.53 per litre in just over two months while the three price increases totalled Rs 3.90 a litre for diesel.
Petrol price was last hiked by 89 paise per litre, excluding state levies on November 1. Diesel rate on that day was raised by 86 paise a litre, excluding state levies.
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