Indian Oil Corp will cut the price of gasoline by about 3.2 per cent and that of diesel by 1.1 per cent from Tuesday, reflecting changes in global prices of the two fuels since the last revision.
The retail price of gasoline, or petrol, will decline by Rs 2 per litre and that of diesel by 0.50 paisa a litre, a company statement said.
India's three state-controlled oil companies IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd tend to move retail prices of fuels in tandem.
Petrol
| Current Price | Revised Price | Decrease | |
| Delhi | 63.20 | 61.20 | 2.00 |
| Kolkata | 68.10 | 66.50 | 1.60 |
| Mumbai | 68.24 | 66.23 | 2.01 |
| Chennai | 63.49 | 61.46 | 2.03 |
Diesel
| Current Price | Revised Price | Decrease | |
| Delhi | 44.95 | 44.45 | 0.50 |
| Kolkata | 48.66 | 48.23 | 0.43 |
| Mumbai | 50.04 | 49.51 | 0.53 |
| Chennai | 46.08 | 45.56 | 0.52 |
