New Delhi: Indian Oil Corporation will cut the retail price of petrol by about 3 per cent, or Rs 2.18/litre in New Delhi, from Friday as global prices of the fuel have eased since the last revision, the company said in a statement late on Wednesday.
Three state-run fuel retailers - IOC, BPCL and HPCL - tend to move their prices together.
Copyright: Thomson Reuters 2014
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