Day 2 Of Petrol, Diesel Price Cut: Indian Oil Announces ‘Minor Reduction’ In Fuel Rates

Petrol and diesel prices were cut marginally for the second straight day, after 16 consecutive hikes. While petrol prices in Delhi, Kolkata, Mumbai and Chennai were lowered by 7 paise per litre, diesel prices were reduced by 5 paise per litre, Indian Oil announced on its website – iocl.com. Indian Oil had first on Wednesday announced a hike of around 60 paise per litre across the metros, but hours later rectified the prices on its website citing a glitch. "There was a technical glitch in posting the selling prices of petrol and diesel on our website…" On Wednesday, Indian Oil Corporation had lowered petrol and diesel prices by 1 paisa per litre across the metros.