M A I N   N E W S

Petrol prices slashed by Rs 3

New Delhi, September 30
Petrol price was cut by Rs 3.05 per litre, the first reduction in rates in over five months and the steepest in over five years, while diesel prices were raised by 50 paise a litre.

The price changes announced by oil companies are excluding local sales tax or VAT and will be effective midnight tonight. While petrol price cut has been made possible because of appreciation in rupee value against US dollar, diesel rates are being hiked as per the practice of increase in rates by small monthly doses to cover losses.

The petrol price in Delhi will be cut by Rs 3.66 to Rs 72.40 per litre, while it will cost Rs 79.49 per litre in Mumbai as against Rs 83.63 currently.

The cut in petrol price is the first reduction in rates since May. — PTI