New Delhi: Petrol prices cut by Rs 2 a litre

PTI

New Delhi, 02 Jun 2012: Petrol price will be cut by Rs 2 per litre with effect from midnight tonight.State-owned oil firms will reduce petrol price by Rs 1.68 per litre, excluding taxes.

 

After including 20 per cent VAT, the cut in Delhi comes to Rs 2 per litre, industry sources said. Petrol after last week’s steepest ever hike of Rs 7.54 a litre costs Rs 73.18 per litre in Delhi.

 

After the reduction, it will cost Rs 71.18 a litre.