Pertol is now cheaper by 3 Rs

Petrol is now cheaper by 3 Rs | New Petrol Rates May 2013 | Petrol rate Reduced by 3 Rs From May 2013.

PETROL price was on Tuesday slashed by Rs 3 per litre. the steepest reduction in rates in over five years. The fourth reduction in rates since March means that petrol in Delhi will cost Rs 63.09 a litre with effect from midnight tonight as against Rs 66.09 per litre currently.

Rates will vary from city to city depending on local sales lax or VAT.

In Mumbai  petrol price has been cut hy Rs 3.15 to Rs 69.73 per litre, while the fuel in Kolkata will cost Rs 70.35 from tomorrow as against Rs 73.48 per litre. The reduction in rates in Chennai would be Rs 3.18 per litre to Rs 65.90.

Tuesday's price cut comes after three consecutive rate reductions on the back of falling international oil prices. State-owned oil firms, which revise rates every fortnight, had from April 16 cut petrol price by Rs 1.20 a litre in Delhi.

On March 16. the rates were cut by Rs 2.40 per litre and by Re 1 in the following fortnight.