|Fuel prices cut finally... by only 1 paisa|
NEW DELHI, May 30 - Petrol and diesel prices were today cut by one paisa per litre each, the first reduction after 16 days of relentless price hikes.
But the marginal decline had its share of excitement with state-owned Indian Oil Corporation (IOC) first announcing a reduction of 60 paise – the biggest since daily price revision was introduced in mid-June last year, only to retract it within a couple of hours citing a technical error.
The oil companies this morning announced reduction in petrol price by 60 paise to Rs 77.83 a litre and diesel by 56 paise to Rs 68.75 in Delhi. This was rectified to one paisa a litre. – PTI