New Delhi :
In a relief to common man, petrol prices are slashed by 58 paise per litre while diesel was made cheaper by 25 paise per litre. The new prices will take effect from the midnight of November 30 and December 1.
After this revision, the price in Delhi will Rs 60.48 a litre, while diesel will be Rs 46.55 a litre. Due to the deprecation in the international market, the prices have been revised.
Fuel prices were last revised on November 15 when the price of petrol was up by 36 paise per litre while that of diesel was upped by 87 paise per litre.
Petrol and diesel prices are deregulated. State-owned fuel retailers - IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) - revise petrol and diesel prices on the 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.
