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: | | | New Delhi | Mumbai | Chennai | Kolkata | Hyderabad | Bengaluru | | | | Revised Price | Rs/litre | 63.09 | 69.73 | 65.90 | 70.35 | 68.86 | 69.35 | | Current Price | 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) |
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