Zee Media Bureau
New Delhi: Petrol price was on Wednesday hiked by 13 paise a litre, but that of diesel was cut by 12 paise per litre in line with international trends.
The reduction in rates announced by Indian Oil Corporation, the nation's biggest fuel retailer, is excluding state levies (VAT) and the actual cut will be higher after considering them.
Petrol will cost Rs 66.10 a litre in Delhi from midnight tonight. Similarly, diesel will cost Rs 52.57 a litre.
"The current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a release.
Petrol price was last cut by Rs 1.46 per litre, excluding state levies on November 15. Diesel rate on that day was also slashed by Rs 1.53 a litre, excluding state levies.