2014 Petrol Price Revision Monday Dec 15,2014

 

Petrol, Diesel Prices Cut by Rs 2 Per Litre Each

Petrol and diesel prices were on Monday slashed by Rs 2 per litre each as international oil prices slumped to a five-year low. 

This is the eighth straight reduction in petrol prices since August, and the fourth straight in diesel since October. 

New rates will be effective from the midnight of December 15 and 16, Indian Oil Corp, the country's largest fuel retailer, announced

After Monday's reduction, petrol price has been cut by a cumulative Rs 12.27 per litre since August 2014

Cumulatively, diesel prices have been cut by Rs 8.46 a litre in four reductions

Diesel will cost Rs 50.51 a litre in Delhi - the lowest since July 2013 - as against Rs 52.51 currently. In Mumbai, it will cost Rs 57.91 per litre as compared to Rs 60.11