Petrol price cut by 50 paisa a litre, diesel by 46 paisa; effective from midnight tonight

Zee Media Bureau

New Delhi: Oil marketing companies on Tuesday cut the price of petrol by 50 paisa a litre while that of diesel was cut by 46 paisa a litre as international oil prices fell to a near 11-year low.

The new prices of petrol and diesel will come into effect tonight midnight.

On November 31, oil companies had cut the price of petrol by 58 paisa while that of diesel was cut by 25 paisa.

However, earlier on November 16, oil companies had hike the prices of petrol and diesel by 36 paisa and 87 paisa respectively.