Diesel price cut by Rs 1.30 per litre, petrol by 74 paise

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New Delhi: Petrol price on Friday cut by 74 paise a litre and diesel by Rs 1.30 per litre.

Petrol in Delhi will cost Rs 61.13 per litre from the mid-night tonight as against Rs 61.87 currently, said Indian Oil Corporation, the nation’s biggest fuel retailer. Similarly, a litre of diesel will cost Rs 48.01 compared with Rs 49.31 at present.

State-owned fuel retailers IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) revise rates of the fuel on 1st and 16th of every month based on the average oil price and the foreign exchange rate in the preceding fortnight.

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