Petrol price cut by Rs 1.27 per litre; diesel by Rs 1.17

News:

• Fuel retailers review petrol and diesel prices every fortnight and make adjustments based on the global rates of the products.
• Since last price change, there has been a decrease in international prices of both petrol and diesel, exchange rate depreciated.
• “Combined impact of these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease,” Indian Oil Corp, the nation’s largest fuel retailer said.

Source: ET