Petrol price cut by Rs 1/litre, diesel by Rs 2 a litre

Petrol price was on Monday cut by Rs 1 per litre and diesel by Rs 2 per litre, following a drop in international prices.

Petrol will cost Rs 60.09 a litre in Delhi from midnight of August 15, as compared to Rs 61.09 a litre currently. On the other hand, diesel will cost Rs 50.27 per litre, as against Rs 52.27 now, state-run Indian Oil Corporration said in a statement today. "The current level of international product prices of petrol and diesel and rupee-dollar exchange rate warrant decrease in selling prices of both petrol and diesel, the impact of