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Petrol prices cut by Rs 2 a litre

Last updated on: June 2, 2012 17:54 IST

Petrol prices cut by Rs 2 a litre

Petrol price will be cut by Rs 2 per litre with effect from midnight tonight.

State-owned oil firms will reduce petrol price by Rs 1.68 per litre, excluding taxes. After including 20 per cent VAT, the cut in Delhi comes to Rs 2 per litre, industry sources said.

Petrol after last week's steepest ever hike of Rs 7.54 a litre costs Rs 73.18 per litre in Delhi. After the reduction, it will cost Rs 71.18 a litre.

Tags: Delhi , VAT

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