Petrol price was cut by Rs 1.51 a litre, which after including - TopicsExpress

Petrol price was cut by Rs 1.51 a litre, which after including local sales tax or VAT translated into a reduction of Rs 1.82 a litre. NEW DELHI: Petrol price was today cut by Rs 1.82 a litre, the third reduction in rates this month, but diesel rates were hiked by 50 paise per litre. The revised rates are effective from midnight tonight, oil companies announced today. Indian Oil corp, the nations largest fuel retailer, said the downward trend in international prices has also warranted a cut in price of non-subsidised cooking gas (LPG) by Rs 19 pe 14.2-kg cylinder. None-subsidised LPG is the one that household consumers buy after exhausting their quota of 12 bottles in a year. Subidised cylinder costs Rs 414 per litre in Delhi. A 14.2-kg non-subsided LPG cylinder will cost Rs 901 from tomorrow as compared to Rs 920 currently.