Petrol and diesel prices cut for the third time in two months

Mumbai: For the third time in two months, petrol and diesel prices have been cut. Petrol will be cheaper by more than a rupee and diesel by almost a rupee in most states from the midnight of 15 May 2003.

Petroleum companies on Thursday reduced the retail prices of petrol and diesel by nearly Rs 1.10 per litre and Re 0.95 per litre, respectively, on account of falling international crude oil prices.

Hindustan Petroleum officials say the decrease in the prices will be effective from midnight of 15-16 May 2003. The new prices of petrol in Delhi, Kolkata, Mumbai and Chennai will be Rs 30.40 per litre, Rs 31.91 per litre, Rs 35.25 per litre and Rs 33.22 per litre, respectively.

The new diesel prices for the four metros will be Rs 19.18 per litre in Delhi, Rs 20.57 per litre in Kolkata, Rs 24.38 per litre in Mumbai and Rs 21.38 per litre in Chennai.