Kumari Palany & Co

Indian Oil Corp to cut petrol price by 2 rupees/litre from midnight

Posted on: 15/Mar/2013 8:00:33 PM
Indian Oil Corporation will cut petrol prices by Rs 2 per litre with effect from midnight today following a decline in international oil prices, the government owned company announced in the evening today.

While petrol price has been cut by Rs 2 per litre, excluding local sales tax or VAT, there will be no change in diesel rates.

After including VAT, the reduction in price of petrol in Delhi comes to Rs 2.40 per litre and the fuel will from midnight tonight cost Rs 68.34 per litre as against Rs 70.74 currently