Petrol Price Cut by Rs 2.42/L, Diesel Rs 2.25/L; Excise Hiked

Published: 16th January 2015 07:19 PM  |   Last Updated: 16th January 2015 08:56 PM   |  A+A-

Petrol-bunks
By PTI

NEW DELHI: Petrol price was cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.

The reduction would have been almost double but for the government also raising excise duty by Rs 2 per litre on both petrol and diesel today.


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