Petrol and diesel prices reduced

According to Indian media reports, the price of petrol 49 paisa and diesel by per liter 1.21 paisa has been reduced in price.

Indian Oil Corporation (IOC) today announced reduction in petrol and diesel prices. The new rates will apply from the night between Wednesday and Thursday.

After the decrease in prices of petrol in Delhi will be Rs 60 per liter, while diesel will sell for 48.50 rupees per liter.

Oil marketing companies until March 31, sources indicated that the international crude oil price trend persists petrol and diesel price may be lower.