Petrol prices have been cut by Rs 2 per litre and diesel by 50 paise including VAT. The new rates will come into effect from midnight tonight. Now, petrol will cost Rs 61.20 per litre in Delhi, Rs 66.50 in Kolkata, Rs 66.23 in Mumbai and Rs 61.46 per litre in Chennai.
On the other hand, diesel will cost Rs 44.45 in Delhi, Rs 48.23 in Kolkata, Rs 49.51 in Mumbai and Rs 45.56 in Chennai. In a statement, Indian Oil Corporation said, the prices have been revised in view of the downward trend of prices of diesel and petrol in the international market.