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Petrol prices cut by about Rs2 a litre from tonight
| 02/06/2012 05:31 PM |
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Petrol prices will be cut by Rs2 per litre with effect from midnight tonight
New Delhi: State-owned oil marketing companies (OMCs) will reduce petrol price by Rs1.68 per litre, excluding taxes, reports PTI.
After including 20% VAT, the cut in Delhi comes to Rs2 per litre, industry sources said.
Petrol after last week's steepest ever hike of Rs7.54 a litre costs Rs73.18 per litre in Delhi. After the reduction, it will cost Rs71.18 a litre.
On 23rd May, the OMCs increased petrol prices by Rs6.28 per litre, excluding local sales tax or VAT. This translated in to Rs7.50 per litre hike in petrol prices in Delhi.
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