Petrol price cut by Rs 2

New Delhi: Petrol price was on Friday cut by Rs 2 per litre with effect from midnight, the steepest reduction in rates in nine months.

While petrol price has been cut by Rs 2 per litre, excluding local sales tax or VAT, there will be no change in diesel rates.

After including VAT, the reduction in price of petrol in Delhi comes to Rs 2.40 per litre and the fuel will cost Rs 68.34 per litre as against Rs 70.74 currently.

The cut in petrol price follows two rounds of hike in rates on February 16 and March 2. (PTI)

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