
State-run fuel retailers on Thursday cut petrol price by Rs 1.15 a litre, excluding local taxes, the second reduction in a month that would help spread some cheer ahead of Diwali.
As expected, the retailers also raised diesel price by 50 paise a liter in line with the government's January decision to go for small revisions every month till the gap with the market rate is wiped out.
The new prices will be effective from the intervening midnight...