New Delhi: With international crude oil rates dropping to around $100 a barrel, petrol prices were cut yesterday by Rs1.51 a litre excluding local taxes, effective midnight, state-run oil marketers announced.
“The current levels of international oil prices and INR-USD exchange rate warrants a decrease in selling price of petrol in the domestic market,” Indian Oil said.
Diesel rates were, however, hiked by 50 paise a litre, in line with the January 2013 decision to hike diesel prices till under-recoveries, or losses, on sale of the fuel below cost are wiped out.
Following the third rate cut this month, petrol will cost Rs68.51 a litre in Delhi, Rs76.41 in Mumbai, Rs76.14 in Kolkata and Rs71.55 in Chennai. Retail diesel will cost Rs58.97 in Delhi, Rs67.26 in Mumbai, Rs63.81 in Kolkata and Rs62.92 in Chennai.
Further, with effect from tomorrow, the sale price for domestic non-subsidised cooking gas cylinder will reduce by Rs19 for a 14.2 kg cylinder, while for commercial cylinders of 19kg, the cut will be Rs32.50 in Delhi.
Prices of bulk diesel sold to customers like the railways have also been reduced. In Delhi, bulk diesel will be cheaper by Rs1.32 per litre, along with a corresponding decrease in various states.
IANS
Two killed in Assam floods
Guwahati: Two people died yesterday as the flood situation in Assam remained unchanged with over 16 lakh people being affected in 18 districts, officials with the State Disaster Management Authority said.
A total of 16,26,304 people have been affected due to the floods while 2,29,290 of them are still taking shelter in 512 relief camps set up by the district administrations, they said.
IANS
