This is the seventh cut in the petrol price and second hike in the diesel cost this month. The continuous hike in the diesel indicates the chances of lessening of the price gap between petrol and diesel in the near future.
According to the sources in the petroleum companies, the prices of petrol and diesel has once again been recapped and based on that the rate of petrol is come down by 3.02 per litre and price of diesel has been hiked by 1.47 per litre respectively. This new price structure will be applicable from Tuesday.
According to the new prices the cost of the petrol in Delhi will be Rs. 56.61 per litre against the earlier price of 59.63. Diesel, however, will cost 46.43 per litre compared to 44.96 per litre earlier based on the information provided by the IOC (Indian Oil Corporation) the largest fuel retailers in India.