IOC to cut petrol prices by 1.2 rupees from Wednesday
REUTERS - Indian Oil Corp will cut retail gasoline prices by about 1.78 percent or 1.21 rupees a litre from Wednesday as global prices of the fuel have eased since the last revision, the company said in a statement late on Tuesday.
The three state-run fuel retailers -- IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd -- tend to move their prices together.
($1 = 61.42 Indian Rupees)
(Reporting by Nidhi Verma; editing by David Evans)