The petrol prices have been lowered by 50 paise a litre and diesel by 46 paise a litre, with effect from midnight, December 15. This move is a part of the fortnightly price revision carried out by the fuel retailers in the country.
The price of petrol in Mumbai will be Rs 67.05 a litre and Rs 59.98 a litre in Delhi. Whereas, diesel in Mumbai will be Rs 53.32 a litre and Rs 46.09 a litre in Delhi.
“The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with the price revision. The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,” said an Indian Oil Corp statement.
This reduction in price is an addition to the cut on December 1, which was 58 paise for a litre of petrol and 25 paise for a litre of diesel.
