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Petrol price cut by 32 paise per litre; diesel rates hiked by 28 paise
Posted on: 18-02-2016 , 11:12:AM | DY365 Bureau

Feb 18, 2016- Petrol price was cut by 32 paise per litre while diesel rates were hiked by 28 paise a litre on global trends on Wednesday.
Petrol in Delhi will now cost Rs 59.63 per litre. A litre of diesel will cost Rs 44.96 a litre as compared to Rs 44.68, according to Indian Oil Corp (IOC). Meanwhile, in Guwahati, a litre of petrol will now cost Rs 58.66 while a litre of diesel will now cost Rs 45.10. This is the sixth straight reduction in price of petrol on softening international rates. But in case of diesel, the hike cut short a three-month declining trend.
Fuel rates were last revised on February 1 when petrol price was cut by a marginal 4 paise a litre and diesel by 3 paise a litre after the government raised excise duty to take away most of the benefit arising from fall in international oil prices.


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