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Petrol prices cut by Rs 2 a litre with effect from midnight
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Print NEW DELHI: Petrol price will be cut by Rs 2 per litre with effect from midnight tonight.
State-owned oil firms will reduce petrol price by Rs 1.68 per litre, excluding taxes. After including 20 per cent VAT, the cut in Delhi comes to Rs 2 per litre, industry sources said.
Petrol after last week’s steepest ever hike of Rs 7.54 a litre costs Rs 73.18 per litre in Delhi. After the reduction, it will cost Rs 71.18 a litre.
State-run oil companies agreed to a partial rollback of the petrol price hike after public outrage at the sharp rise in the price of petrol.
Congress allies and the opposition, alike, had protested the steepest-ever rise in petrol prices and demanded a rollback.
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