NewsGram Staff Writer

New Delhi: Indian Oil Corp (IOC) announced that diesel price has been slashed by 50 paisa per litre in Delhi, including state levies, with corresponding price changes in other states, effective from Thursday.

"The current level of international prices and INR-USD exchange rate warrant a price increase, which is being passed on to consumers with this price revision," state-run IOC said in a statement.

With this, the retail price per litre of diesel from October 1 will be Rs.44.95 in Delhi, Rs.48.71 in Kolkata, Rs.52.08 in Mumbai and Rs.46.08 in Chennai.

On September 1, petrol price was cut by Rs.2 per litre and diesel by Rs.0.50 a litre.

On Wednesday, the Maharashtra government decided to levy a surcharge of Rs. 2 on petrol and diesel, effective from October 1.

(With inputs from IANS)