Petrol price cut by Rs 3.02/litre, diesel hiked by Rs 1.47

New Delhi: In a relief to the common man, state-owned Indian oil Corp on Monday cut the price of petrol by Rs 3.02 per litre, while the diesel rate has been increased Rs 1.47 per litre, both at Delhi, with corresponding changes in other states, effective midnight tonight.

Oil firms review the price of petrol and diesel every two weeks.

The price of petrol and diesel were last revised on Feb 17, when price for petrol was cut by 32 paise per litre whereas diesel hiked by 28 paise a litre .