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Petrol price cut by 6 paise, diesel by 5 paise

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    State-run Indian Oil Corp. Ltd on Friday cut diesel and petrol prices by 5 paise and 6 paise per litre, respectively, after automobile fuel prices reached record highs on Tuesday.

    This comes at a time when the government is exploring a mechanism that may involve state run Oil and Natural Gas Corp. Ltd (ONGC) share the subsidy burden on automobile fuels.

    Petrol price cut by 6 paise, diesel by 5 paise

    The revised Diesel and petrol price today in Delhi are Rs69.20/litre and Rs78.29/litre, respectively, at Indian Oil petrol pumps.

    IOC also raised the prices of subsidised and non-subsidised domestic cooking gas cylinders on Friday by Rs2.34 and Rs48, respectively.

    Without subsidy, a 14.2 kg Indane liquefied petroleum gas (LPG) cylinder in Delhi is priced at Rs698.50. A subsidised Indane cylinder is priced at Rs493.55 in Delhi.

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