State-run oil companies on Friday announced a cut in petrol prices by Rs 2 per litre from Saturday, while diesel rates were kept steady.
The cut, the steepest reduction in nine months, comes amid a slide in international crude prices.
Following the reduction, the price of petrol in Delhi will be Rs 68.34 per litre as against Rs 70.74 currently.
Diesel prices were kept steady amid expectations that the rates would be raised by Rs 40-50 paise per litre.
The cut in petrol price follows two rounds of hike in rates since February worth Rs 1.50 and Rs 1.40.