Petrol, diesel prices slashed in last fortnightly revision

Petrol and diesel prices have been slashed on the eve of the rollout of the new system where fuel prices will be revised daily.

Petrol price has been cut by Rs 1.12 per litre while diesel prices has been lowered by Rs 1.24 per litre. This is the last of the fortnightly revisions after which daily changes in rates in line with global oil prices will kick in.

Petrol and diesel prices would be revised every day at 6 am across the country, moving away from the practice of revising rates at midnight every fortnight.

(Agencies)

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