Petrol price slashed by Rs 1.09, diesel price hiked by 50 paise

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New Delhi, July 31: Oil marketing companies on Thursday slashed retail selling price of petrol by Rupees 1.09 a litre here. The new price will be effective from midnight of July 31. After the reduction, the new price of petrol in the four metroplotitan cities will be Rs 72.51 (Delhi), Rs 80.60 (Mumbai), Rs 80.30 (Kolkata) and Rs 75.78 (Chennai).

Price of diesel sold to bulk customers like the railways was also reduced by Re. 0.71 per litre in the national capital (including the VAT) with a corresponding reduction in other states.

The reduction occurred as a result of the strengthening of the Indian rupee vis-a-vis the US dollar.

The price of non-subsidised LPG cylinders has also been reduced

However, the retail selling price of diesel was increased by 50 paise a litre (including the VAT) in Delhi. The hike came as per the government order of January 2013. The hike will see diesel's domestic retail selling price at Rs 58.40 a litre in Delhi, Rs 66.63 in Mumbai, Rs 63.22 in Kolkata and Rs 62.30 in Chennai.

Price of domestic non-subsidised LPG cylinders has also been reduced. The prices will be Rs 2.50 less for 14.2 kg cylinders and Rs 4 cheaper for 19 kg cylinders in Delhi (including the VAT). The corresponding reduction has been made in other states.

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