Indian Oil Corp (IOC) has cut petrol price which is a good news for consumers, however, diesel is going to get costlier. Petrol price is cut by Rs 3.02 per litre and diesel price has been raised by Rs 1.47 per litre. After this revision, petrol will cost Rs 56.61 per litre in Delhi whereas diesel will cost Rs 46.43, IOC said.
“The current level of international product prices of Petrol & Diesel and rupee-dollar exchange rate warrant decrease in price of Petrol and increase in price of Diesel, the impact of which is being passed on to the consumers with this price revision,” said IOC.