Petrol price cut by 7 paise, Diesel by 5 paise per litre

Update: 2018-05-31 16:20 IST

New Delhi : Prices for Petrol and diesel have fallen by 7 paise and 5 paise per litre respectively on Thursday.

Petrol in Delhi now costs Rs 78.35 a litre and Diesel 69.25 per litre.The revised Petrol price in other metro cities are- 80.98 in Kolkata, 86.16 in Mumbai, 81.35 in Chennai While the revised Diesel price was 71.80 in Kolkata, 73.73 in Mumbai and 73.12 in Chennai.

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The fuel price was slashed for the second day after the price remained high for 16 consecutive days.

On Wednesday there was 'a drop' in the rates- of one paisa.The Indian Oil Corporation (IOCL) in a statement clarified that the petrol prices in Delhi have gone down by one paisa and not 60 paise, as reported earlier. 

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