Petrol prices cut by Rs 0.63, diesel Rs 1.06

New Delhi, Dec 31: Oil marketer Indian Oil Corp (IOC) on Thursday announced a reduction in petrol and diesel prices effective midnight, following a fall in intertiol crude oil prices. According to IOC, petrol prices per litre will be reduced by Rs.0.63 at New Delhi (including state levies) with corresponding price revision in other states. After the price revision the petrol price in New Delhi will come down to Rs.59.35 per litre. In addition, IOC said the retail selling price of diesel will be cut by Rs.1.06 per litre at Delhi and the fuel will now cost Rs.45.03 per litre.