After 16 days of consecutive hikes, petrol, diesel prices cut by ONE paisa not 60 paise

After 16 days of consecutive hikes, the prices of petrol and diesel were marginally reduced on Wednesday. Indian Oil Corporation Limited (IOCL) reduced the petrol prices by 1 paisa per litre. The price of diesel in the national capital Delhi and Mumbai stood at Rs 69.30 per litre and Rs 73.78 per litre, respectively.