Petrol price cut by Rs 3 per litre

PSU oil companies have cut the price of petrol by Rs 3 per litre (inclusive of VAT). The rate cut would be effective from Wednesday.

Petrol would cost Rs 63.09/litre in New Delhi as compared to its earlier price of Rs 66.09.

Prices of petrol were last decreased by Rs 1.20/litre (including VAT) on 16 April 2013. Since last price change, the international prices of petrol have gone down from around $ 116/bbl to around $ 107/bbl. The rupee has also appreciated against the US dollar, giving more room to the oil companies to cut petrol price. The rupee has gone up to Rs 54.26/USD from Rs 54.51/USD during the same period.

The details of existing and revised selling prices of petrol for metros are given below: Advertisement     New Delhi Mumbai Chennai Kolkata Hyderabad Bengaluru   Advertisement Revised Price Rs/litre 63.09 69.73 65.90 70.35 68.86 69.35 Current Price Advertisement Rs/litre 66.09 72.88 69.08 73.48 72.14 72.63 Decrease Rs/litre (3.00) (3.15) (3.18) (3.13) (3.28) (3.28)