Petrol and diesel rates reduced by 15 paise per litre

State-run fuel retailers on Tuesday cut petrol and diesel rates by 15 paise per litre. The second petrol price reduction in three days made it cheaper by 35 paise after it remained at record ₹101.84 a litre for 36 days since July 17.

The total diesel price cut is, however, steeper compared to petrol. Oil companies have so far reduced diesel rates for the fifth time in last seven days, making it cheaper by 95 paise a litre. Diesel rates started softening after it surged to an all-time high at ₹89.87 a litre on July 15 and stayed there for 34 days.

Indian Oil Corporation (IOC) pumps are now selling petrol at ₹101.49 per litre in Delhi and diesel at ₹88.92 a litre.