New Delhi, April 1
Petrol price has been cut by 85 paise per litre with effect from midnight, the second reduction in rates in two weeks. The price cut, which was made possible because of fall in international oil prices, is excluding local sales tax or VAT.

After including VAT, the reduction in price of petrol in Delhi comes to Rs 1.02 per litre and the fuel will cost Rs 67.29 per litre from midnight tonight against Rs 68.34.

The price cut comes on back of the Rs 2 a litre reduction in rates effected on March 16. This was the steepest cut in rates in nine months which after including VAT resulted in a reduction of Rs 2.40 a litre in rates. Petrol in Mumbai will cost Rs 1.07 less at Rs 74.14 per litre.