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New Delhi, Nov 30:   The price of Petrol cut by 58 paise, Doesel by 25 paise a litre thischange will be effect from midnight of November 30/ December1. After change, petrol will cost 60.48 a litre in Delhi while diesel will cost  46.55 a litre. Public sector oil marketing companies announced a cut in retail selling  price of petrol by 58 paise a litre and diesel by 25 paise a litre in Delhi on Monday. The price cut is inclusive of State levies and will vary from State to State. The current level of international product prices of petrol and diesel and rupee-US dollar  exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision," IndianOil said in a statement. The movement of prices in the international oil market and rupee-US Dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," it added. 


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