PETROL PRICE CUT BY 63 P, DIESEL BY `1.06 A LITRE

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NEWS - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com

NEW DELHI: The petrol price was on Thurs­day cut by 63 paise a litre and diesel by Rs1.06 a litre, the third re­duc­tion this month owing to the drop in global oil rates.

Petrol will cost Rs66.41 a litre in Mum­bai from mid­night, from the cur­rent 67.04.

A litre of diesel will cost Rs52.22, from the cur­rent Rs53.28, said In­dian Oil Corp (IOC), the na­tion’s big­gest fuel re­tailer. Prices were last cut by 50 paise for petrol and 46 paise a litre for diesel on De­cem­ber 16. The re­duc­tion would have been more had it not been for the hike in ex­cise duty on oil prices.

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