Petrol and diesel prices were revised on Friday. Petrol rates were cut by Rs 1.27 per litre, while diesel was reduced by Rs 1.17 per litre. The revised prices will take effect from the midnight of August 15, 2015 and August 16, 2015, Indian Oil said on its website.
Petrol in Delhi will now cost Rs 63.20 per litre instead of Rs 64.47 at present, while a litre of diesel will cost Rs 44.95 as against Rs 46.12 currently, Indian Oil Corp (IOC) said in a statement.
There were straight three cuts in fuel prices in the last month.
Petrol and diesel rates were last revised on July 31, when the price of petrol price was lowered by Rs 2.43 per litre while that of diesel was reduced by Rs 3.60 per litre.
Petrol and diesel prices are reviewed every fortnight by oil marketing companies and revised in accordance with international oil rates.
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