New Delhi, Mar 15: Petrol rates have been cut by Rs.2 per litre effective midnight Friday, state-owned Indian Oil Corp announced.
The oil firms also took into account the rupee-dollar parity before deciding on the price cut for petrol.
The Indian currency has gained marginally at Rs 54.44 on March 14 from Rs.54.48 on March 1 against the US dollar, according to data from the Reserve Bank of India (RBI).
