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NEW DELHI, June 2 � After the sharp criticism over the steepest hike, petrol price was today cut by Rs 2.02 per litre, a partial rollback of the Rs 7.54 a litre increase effected more than a week ago, reports PTI.
The reduction, a result of fall in international oil prices, will mean that petrol in Delhi will cost Rs 71.16 per litre from midnight tonight, as against Rs 73.18 at present.
The decision, flowing out of the fortnightly review by oil marketing companies, came as some relief for consumers battered by double-digit inflation and the May 24 hike which was the steepest ever that came on top of two increases in a year. The hike had come under sharp attack from all political parties.
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