CHENNAI: Petrol price was on Monday cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre.
The reduction, which will be effective from Monday midnight, comes on back of a marginal 2 paise a litre increase in petrol and 52 paise per litre hike in diesel rates effected from May 1.
Indian Oil Corp (IOC), the nation's largest fuel retailer, said the price of petrol is being reduced by Rs 2.16 per litre and that of diesel by Rs 2.10 - both excluding state levies.
Petrol in Chennai will cost Rs 69.01 a litre from Tuesday as against Rs 71.17 currently. Similarly, a litre of diesel will be priced at Rs 58.61 as compared to Rs 60.71 at present.
