|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Oil marketing companies (OMCs) on Friday decided to cut petrol prices by Rs 2 a litre with effect from midnight.
"Since the last price change, international prices of crude oil have slid from $112.73 per barrel to $107.41 per barrel, leading to a consequential fall in the international prices of petrol," state-run Indian Oil Corporation (IOC) said.
On the other hand, the rupee has depreciated marginally. Following this trend, it has been decided to pass on the benefit to customers and accordingly, the aforesaid reduction in the retail selling price of petrol is being effected.