Petrol price on Friday cut by Rs 0.74 per litre and diesel by Rs 1.30 per litre.
The change in price will be effective from Friday midnight.
Petrol in Delhi will cost Rs 61.13 per litre from midnight tonight as against Rs 61.87 per litre currently. Similarly, diesel will cost Rs 48.01 per litre as against Rs 49.31 at present.
“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant decrease in price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision,” Indian Oil Corp (IOC) said in a statement.