Petrol price cut by Rs 1.46 per litre, diesel by Rs 1.53 per litre

Petrol price was on Tuesday cut by Rs 1.46 per litre while diesel price was by Rs 1.53 per litre with immediate effect from today midnight.

The price cut announced by Indian Oil Corp excludes local sales tax or VAT.

"The current level of international product prices of Petrol & Diesel and rupee-dollar exchange rate warrant decrease in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision," Indian Oil said in a statement.

After today midnight, Petrol price will be Rs. 65.93 per litre in Delhi, from Rs. 67.62 per litre. Also, a litre of diesel will cost Rs 54.71 in the national capital, instead of Rs 56.41.