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Petrol and diesel prices slashed

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Petrol price was cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre, reversing the four week trend of rising rates.

The reduction, came effective from Monday midnight. It comes on back of a marginal 2 paise a litre increase in petrol and 52 paise per litre hike in diesel rates effected from May 1.

Prior to that, petrol price was hiked by Rs 1.39 per litre and diesel by Rs 1.04 a litre from April 16.

Actual reduction in price will be more after taking into account local VAT. Petrol in Delhi will cost Rs 65.32 a litre. Similarly, a litre of diesel will be priced at Rs 54.90.

IANS

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