The Indian Oil Corporation (IOC) has cut the price of petrol by 56 paise per litre. The reduction in petrol price has come amid criticism being faced by the UPA government over the hike in diesel prices and cap on subsidised LPG cylinders.
Following are the revised petrol prices in four metros after oil companies reduced prices with effect from Tuesday. In Delhi, the petrol price has come down to Rs 67.90 per litre from 68.46. In Kolkata, petrol now costs Rs 75.44 per litre, while earlier it was Rs 76.14. In Mumbai, petrol price has gone down to Rs 74.43 per litre from Rs 75.14 and in Chennai, petrol price is down to Rs 71.48 per litre from Rs 72.19.
Petrol price was last revised on July 24 when it was raised by 70 paise. It was last cut on June 3 when rates were reduced by Rs 2.02 per litre.
This comes almost a month after the government had hiked the price of diesel by Rs 5 per litre. The move by the government was criticised by opposition parties as well as the allies. The Trinamool Congress even walked out of the ruling coalition over the issue. The government had in September spared an increase in petrol price by cutting excise duty of Rs 5.50 per litre.