Petrol price cut by Rs 2.25 per litre; diesel by 42 paise

Petrol will cost Rs 62.51 a litre in Delhi from July 16 as compared to Rs 64.76 per litre.

Zee Media Bureau/Ajeet Kumar

New Delhi: Oil marketing companies on Friday cut petrol prices by Rs 2.25 a litre and diesel by 42 paise a litre.

Petrol will cost Rs 62.51 a litre in Delhi from midnight tonight as compared to Rs 64.76 per litre, Indian Oil Corp, the nation’s largest fuel retailer, announced.

Similarly, diesel will cost Rs 54.28 per litre as against Rs 54.70 a litre currently.

Petrol price was last cut by 89 paise a litre and diesel by 49 paise a litre on June 30/July 1. Prior to the reduction this month, prices had been hiked on four occasions since May 1. Petrol prices in the four hikes had been raised by Rs 4.52 a litre and diesel by Rs 7.72 per litre.

Prices of non-branded petrol in metro-cities (Rs/litre) (Applicable from midnight of July 15, 2016 and July 16, 2016)

Metros	Prices
Delhi	62.51
Kolkata	66.03
Mumbai	67.11
Chennai	64.00

Prices of non-branded diesel in metro-cities (Rs/litre) (Applicable from midnight of July 15, 2016 and July 16, 2016)

Metros	Prices
Delhi	54.28
Kolkata	56.48
Mumbai	59.60
Chennai	55.82