Petrol, diesel cut by Rs.2 a liter each in Delhi

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New Delhi, Dec 15 (IANS) With universal unrefined petroleum rates slipping towards $60 a barrel, state-run oil marketers Monday cut petrol and diesel rates further each by Rs.2 a liter in Delhi, compelling midnight.

Considering neighborhood collects, the costs of transport powers will diminish correspondingly in different states, Indian Oil Corp said in an announcement here.

“The costs of petrol and diesel were last changed downwards w.e.f. first December’14 by Rs. 0.91/ liter and Rs. 0.84/ liter separately (counting state demands at Delhi) on the again of declining worldwide oi

In October, the administration deregulated diesel costs by connecting the fuel expense to market-based estimating.

The cost of the Indian bushel unrefined petroleum on the last exchanging day Friday was $60.58 every barrel. A barrel is equivalent to 159 liters.

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