Petrol price

Petrol price cut by 7 Paise And Diesel Price By 5 Paise

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NEW DELHI: On Thursday petrol price was cut 7 paise a litre and diesel by 5 paise, the second reduction in as many days on the back of softening international oil rates.

In Delhi now petrol costs Rs 78.35 a litre, down from Rs 78.42, according to a price notification issued by state-owned oil firms.

Diesel rates have been cut to Rs 69.25 per litre from Rs 69.30.

This is the second reduction in rates coming after a 16-day relentless price hike that followed lifting of a nearly three-week hiatus on price revision just before Karnataka went to polls.

On Wednesday petrol and diesel prices were cut by 1 paisa a litre each. That reduction followed rates touching an all-time high of Rs 78.43 per litre for petrol and Rs 69.31 for diesel in Delhi on Tuesday.