News Brief | September 2016
Petrol cut by Rs.1.42 a litre, diesel by Rs.2.01
Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC) cut the price of transport fuels of petrol by Rs.1.42 a litre and of diesel by Rs.2.01, both at Delhi, with corresponding decrease in other states. Making its previous fortnightly revision in fuel prices on July 16, IOC had cut petrol by Rs.2.25 a litre and diesel by Rs.42 paise, both at Delhi. Petrol per litre will cost Rs.61.09 in Delhi, Rs.64.97 in Kolkata, Rs.65.70 in Mumbai and Rs.60.65 in Chennai. Similarly, diesel will cost Rs.52.27 in Delhi, Rs.54.57 in Kolkata, Rs.57.47 in Mumbai and Rs.53.73 in Chennai. The Indian basket of crude oils closed trade on Thursday at $40.81 a barrel, lower than $41.63 on previous day, as per official data.