Petrol prices reduced by Rs 3 per litre

New Delhi/April 30
Indian Oil companies reduced petrol prices by Rs 3 per litre due to downtrend in the prices in international crude oil prices and it will be effective from midnight today.
The price reduction announced is excluding local sales tax or VAT and the actual price will depend on the duties imposed in respective states.
Indian Oil companies today said that the price has been reduced downtrend in international crude oil prices that have gone down from around 116 dollar per barrel to around 107 dollar per barrel and Indian rupee and dollar exchange rate had also improved by 25 paise.