On Tuesday Oil Producing Firm reduced the price rate of Petrol by Rs. 2.42 and the same Diesel by Rs. 2.25.
Now in Delhi the cost of Petrol & Diesel is Rs.56.79 per liter and Rs.46.01 compared to last revised rate Rs.58.91 per liter and Rs.48.26 per liter.
Prices of petrol and diesel were last revised downwards on 17 January 2015 by Rs 2. 42 litre and Rs 2.25 per litre, respectively (including State levies at Delhi).
According Indian Oil International prices of both petrol and diesel have continued to be on a downtrend and the rupee-dollar exchange rate has appreciated. The combined impact of both these factors warrant a decrease in retail selling prices of both petrol and diesel.