Cheaper crude helps oil firms cut petrol price by Rs 2.46 per litre
In Delhi, the revised price would be Rs 67.78, in Mumbai it will be Rs 73.35 while in Chennai it would be Rs 72.27.
New Delhi: India's oil marketing companies have decided to reduce petrol prices by Rs 2.46 per litre from midnight, it was announced on Thursday.
"The downward revision shall vary from Rs 2.46 per litre to Rs.3.22 per litre including state levies depending upon the state taxes," Indian Oil Corporation (IOC) said in a statement on behalf of the state-owned oil marketing companies.
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In Delhi, the price decrease will be Rs 2.46 per litre. The decrease in other states will vary depending upon the respective rates of state VAT or sales tax.
In Delhi, the revised price would be Rs 67.78, in Mumbai it will be Rs73.35 while in Chennai it would be Rs 72.27.
More from EconomyThe revised prices in Kolkata, Hyderabad and Bengaluru will be Rs72.74, Rs 74.89 and Rs 76.39 respectively.
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