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Petrol cut by Rs 1.42 a litre, diesel by Rs 2.01

Diesel will cost Rs 52.27 in Delhi, Rs 54.57 in Kolkata, Rs 57.47 in Mumbai and Rs 53.73 in Chennai.

Policy Pulse
Publish Date: Aug 1 2016 10:11AM | Updated Date: Aug 1 2016 10:11AM

Petrol cut by Rs 1.42 a litre, diesel by Rs 2.01

 State-run Indian Oil Corp (IOC) cut the price of transport fuels of petrol by Rs 1.42 a litre and of diesel by Rs 2.01, both at Delhi, with corresponding decline in other states.

 
Petrol per litre from Monday will cost Rs 61.09 in Delhi, Rs 64.97 in Kolkata, Rs 65.70 in Mumbai and Rs 60.65 in Chennai.
 
Same way, diesel will cost Rs 52.27 in Delhi, Rs 54.57 in Kolkata, Rs 57.47 in Mumbai and Rs 53.73 in Chennai.
 
The Parliament was informed earlier this week that nine excise duty hikes over a span of few months helped the government almost triple its excise earnings from petrol and diesel to about Rs 70,000 crore during 2015-16.