Petrol cut by Rs.2.25 a litre, diesel by 42 paise

New Delhi: Amid the recent fluctuation in global oil
prices, state-run Indian Oil Corp (IOC) cut the price of transport fuels on
Friday effective from midnight, of petrol by Rs 2.25 a litre and of diesel by
42 paise, both at Delhi, with corresponding decrease in other states.

Making its previous fortnightly
revision in fuel prices on the first of the month, IOC had cut both fuel prices
by under a rupee.

Petrol per litre from Saturday will
cost Rs 62.51 in Delhi, Rs 66.03 in Kolkata, Rs 67.11 in Mumbai and Rs 62.00 in
Chennai.

Similarly, diesel will cost Rs 54.28
in Delhi, Rs 56.48 in Kolkata, Rs 59.60 in Mumbai and Rs 55.82 in Chennai.

The Indian basket of crude oils closed
trade on Thursday at $43.79 a barrel, as per official data.

--IANS