Petrol price slashed by 74 paisa, diesel by Rs 1.30 a litre

New Delhi: Petrol price was on Friday cut by Rs 0.74 per litre and diesel by Rs 1.30, reversing the two-month trend of rising rates. The reduction comes on back of two increases in petrol prices — Rs 3.07 a litre on March 17 and Rs 2.19 per litre on April 4, and four straight hikes in diesel prices. Diesel price was last hiked on April 4 by Rs 0.98 a litre.