Petrol price was cut by 56 paise per litre on the back of appreciation in rupee value against the US dollar.
Petrol will cost Rs 67.90 per litre at Indian Oil Corp's petrol pumps in Delhi with effect from Tuesday as against Rs 68.46 a litre presently, the company announced on Monday. BPCL and HPCL are expected to follow suit in cutting rates but price at their pumps would vary by one or two paise.
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