"In line with the reduction in global crude oil prices, oil marketing companies on Tuesday announced a cut in prices of bulk diesel, to be effective from Wednesday," said a petroleum ministry official.
In Delhi, price of diesel has been cut by Rs. 1.09 a litre and the revised price will be Rs. 59.32 a litre. Price in Chennai has been cut by Rs. 1.18 a litre for a revised price of Rs. 63.53 a litre. In Mumbai, the cut is Rs. 1.20 a litre, while in Kolkata, the cut is Rs. 1.14 a litre.
The price of retail diesel has not been changed. It currently costs Rs.57.84 per litre in Delhi.
The government had in January 2013 decided to sell diesel to bulk consumers like State Transport Corporations, Railways and Defence while the subsidised fuel was meant only for retail users like automobiles, car owners and trucks.