The PSU oil firms have cut the price of petrol by 85 paise per litre, excluding local sales tax or VAT. The revised price would be effective from Monday-Tuesday midnight.
The revision comes on the back of another price cut in the middle of March. Petrol prices were lowered by Rs 2 per litre excluding local sales tax or VAT on March 15.
Petrol price was today cut by 85 paise per litre with effect from midnight tonight, the second reduction in rates in two weeks.
The price cut, which was made possible because of fall in international oil prices, is excluding local sales tax or VAT.
After including VAT, the reduction in price of petrol in Delhi comes to Rs 1.02 per litre and the fuel will cost Rs 67.29 per litre from midnight against Rs 68.34.Petrol in Mumbai will cost Rs 1.07 less at Rs 74.14 per litre. In Kolkata, the price has been cut by an equal measure to Rs 74.72. It will cost Rs 70.34 a litre in Chennai from tomorrow against Rs 71.42 currently.