Petrol price was today cut by 85 paise per litre with effect from midnight tonight while Non-subsidised cooking gas has become cheaper by Rs. 3 per cylinder.

The price cut, which was made possible because of fall in international oil prices, is excluding local sales tax or VAT.

Now, petrol will cost Rs. 67.29 per litre in Delhi, Rs. 74.14 in Mumbai, Rs. 74.72 in Kolkata and Rs. 70.34 in Chennai.

The price cut comes on back of reduction of Rs. 2 a litre in rates effected on 16th of last month. This was the steepest cut in rates in the past nine months.

According to Indian Oil Corporation (IOC), a 14.2-kilogram LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of nine subsidised bottles in a year, will cost Rs. 901.50 from Monday.

The government had in September last year fixed a quota of six subsidised LPG cylinders per household in a year which was later increased to nine cylinders.

In January the rate for non-subsidised gas was hiked by Rs. 46.50 per cylinder to Rs. 942 in Delhi.

With oil prices easing, rates were cut to Rs. 904. 50 from 1st of March.