IOC cuts petrol prices by 2.46 to 3.22 per litre

Indian Oil Corp (IOC), the country's largest oil marketing company, today announced a Rs2.46 to Rs3.22 per litre reduction in the selling prices of petrol across the country effective midnight tonight.

The downward revision in prices, including state levies, vary from Rs2.46 a litre to Rs3.22 a litre depending upon the state taxes, IOC said in a release.

In Delhi, the price decrease will be down Rs2.46 at Rs67.78 a litre against Rs70.24. It is the lowest price as the impact of state tax is nil as petrol has been exempt from VAT / sales tax there.

In Mumbai the new price will be Rs73.35, down Rs3.10 from the existing Rs76.45 a litre.

In Chennai the new price will be Rs72.27, down Rs3.13 from Rs75.40 at present.

The new price in Kolkata will be Rs72.74, which is down Rs3.07 from the current price of Rs75.81 a litre.