Petrol and diesel prices are aligned with international rates every fortnightly in India. Now the prices have once again been re-aligned for 1st of July, 2015 across India.
Now for the first time both petrol and diesel price have been reduced together. Previously petrol prices were hiked, while diesel witnessed a reduction across India.
Oil companies have reduced petrol price by 31 paise per litre. Diesel price has further been deducted by 71 paise per litre. The new prices will be applicable from 30th of June, 2015 midnight.
Fuel prices in Delhi will now be the following, petrol will cost Rs. 66.62 per litre. Diesel on the other hand will be more affordable and will be priced at Rs. 50.22 per litre in capital city of India.
Pricing of fuel has been deregularised in India, Government has no say in increase or decrease. Oil companies change the price according to global situations and foreign exchange rate.