Petrol prices to be cut by Rs 2/L from midnight

June 02, 2012 18:20

Petrol prices to be cut by Rs 2 per litre with effect with effect from midnight. The decision comes two days after a nationwide bandh against the hike in petrol prices.

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.

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