<div>Petrol price was on Wednesday (15 April) cut by 80 paise a litre and diesel by Rs 1.30 per litre, the second reduction in rates this month.</div><div> </div><div>The reduction will be effective from midnight tonight, Indian Oil Corp (IOC) said.</div><div> </div><div>After the cut, petrol will cost Rs 59.20 a litre in Delhi and diesel will be available Rs 47.20/litre.</div><div> </div><div>Prices of petrol and diesel were last revised downwards with effect from April 2 by Rs 0.49/litre and Rs 1.21/litre respectively.</div><div> </div><div>"Since last price change, the trend of international prices of petrol & diesel and INR-USD exchange rate warrant a further downward revision in prices, the impact of which is being passed on to consumers with this price decrease," IOC said.<br /><br />(PTI)</div>
