Petrol, diesel rates cut by Rs 2/litre

New Delhi

IOC said in a statement: “The prices of petrol and diesel were last revised downwards with effect from December 1 by Rs 0.91 per litre and Rs 0.84 a litre respectively (including state levies at Delhi) on the back of declining international oil prices.

“Since the above price changes, the international prices of both petrol and diesel have continued to be on a downtrend.

The Rupee-US Dollar exchange rate has however appreciated since the last price change. The combined impact of both these factors warrant a decrease in retail selling prices of both petrol and diesel.”

The movement of prices in international oil market and Rupee-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes, it added.

Diesel rates cut by Rs 2/litre from midnight. New rates:
Ahmedabad:Rs.55.90
Surat:55.72
Vadodara:55.44
Rajkot:57.59

Petrol rates cut by Rs 2/litre from midnight. New rates:
Ahmedabad:Rs.64.00
Surat:63.84
Vadodara:63.14
Rajkot:63.23

Inputs from PTI