Petrol, diesel prices likely to be cut by Rs 2 each

Zee Media Bureau

New Delhi: On the back of international oil prices hitting a 6-year low, oil companies are likely to cut the prices of petrol and diesel by Rs 2 each from Thursday, the first cut of the year.

On Tuesday, the prices of international crude oil fell below USD 45 per barrel following the latest sign from OPEC that the group doesn't plan to cut production.

Earlier, state-owned oil companies had cut the prices by Rs 2 each on December 15. However, no price cut was done on December 31 as it was expected.

Right now, petrol in Delhi costs Rs 61.33, Rs 68.65 in Kolkata, RS 68.86 in Mumbai and Rs 63.94 in Chennai.

On November 31, prices of perol and diesel had been cut by 91 paise and 84 paise respectively.