Petrol price cut, Diesel hiked

State-run Indian Oil Corporation moved in contrary directions, cutting the petrol price by Rs.3.02 a litre, but raising diesel by Rs.1.47, both at Delhi, with corresponding changes in other states, effective from midnight.
Indian Oil had moved contradictorily in its previous revision of transport fuel prices too on February 17, cutting petrol price by 32 paise a litre, while increasing diesel price by 28 paise, with global oil prices pulling back a little from their earlier plunge.
Petrol per litre from Tuesday will cost Rs.56.61 in Delhi, Rs.62.32 in Kolkata, Rs.62.75 in Mumbai and Rs.56.08 in Chennai. The price of diesel per litre will be Rs.46.43 in Delhi, Rs.49.57 in Kolkata, Rs.53.06 in Mumbai and Rs.47.13 in Chennai.

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