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Petrol, Diesel prices cut twice in hours as daily revisions begin

Petrol and diesel prices were cut today as part of the new system of the daily change in rates of petroleum products, in a shift to daily price revisions. Under the new daily revision system, even the smallest change in international oil prices can be passed down to consumers. After the revision, petrol prices in the four metro cities would be Rs 65.48 in Delhi, Rs 76.70 in Mumbai, Rs 68.02 in Chennai and Rs 68.03 in Kolkata. Similarly, diesel rates will be Rs 54.49 in Delhi, Rs 59.90 in Mumbai, Rs 57.41 in Chennai and Rs 56.65 in Kolkata, Indian Oil said.

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