Petrol prices reduced by Rs.3.22 per litre from midnight

www.mangaloretoday.com

Mangalore, June 28, 2012: Oil companies have cut petrol prices by Rs. 3.22 per litre, starting midnight. The cut is based on global crude prices and the exchange rate of the rupee vs the dollar. The reduction in price varies from Rs. 2.46 per litre to Rs. 3.22 per litre, depending upon local taxes in different states.

 

 

Petrol now costs Rs. 67.78 a litre in Delhi and 73.35 per litre in Mumbai. In other metros, Kolkata will pay 72.24 per litre and Chennai will pay Rs. 72.27 per litre. Hyderabad and Bangalore saw the maximum reduction in petrol prices - Rs. 3.22 per litre.

On May 23, India saw its steepest ever price hike of Rs. 6.28 plus local taxes. This is the second reduction in petrol prices since that hike. On June 3, oil companies announced a reduction of Rs. 1.68 per litre in petrol prices, excluding taxes. In Delhi, after including 20 per cent VAT, the reduction was Rs. 2 a litre.


The existing and revised selling prices for metros are given below: