2014 Petrol Price Reduction Friday Oct 31,2014

 

Petrol price was on Friday  Oct 31,2014 cut by Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates.
The reduction in rates of petrol and diesel, which was deregulated for the first time in more than a decade, will be effective from midnight tonight, Indian Oil Corp, the nation's largest fuel retailer, announced.
The Rs 2.41 a litre price cut in petrol and Rs 2.25 in diesel was after accounting for a 10-15 paise increase in commission paid to petrol pump dealers
Since August 2014, petrol price has been cumulatively cut by Rs 9.36 per litre.
Prices vary from state to state because of differential rate of local sales tax or VAT

 

Revised petrol prices in four metros

(Rs. per litre)

City	Current price	Revised price	Decrease
Delhi	66.65	64.24	2.41
Kolkata	74.21	71.68	2.53
Mumbai	74.46	71.91	2.49
Chennai	69.59	67.01	2.58

Revised diesel prices in four metros

(Rs. per litre)

City	Current price	Revised price	Decrease
Delhi	55.60	53.35	2.25
Kolkata	60.30	57.95	2.35
Mumbai	63.54	61.04	2.50
Chennai	59.27	56.84	2.43