Petrol price was today cut by 32 paise a litre and diesel’s by 85 paise a litre, the fourth reduction in rates in six weeks.

This the fourth reduction in rates since December 1. Rates were on that day cut by 58 paise a litre in case of petrol and by 25 paise in diesel. This was followed by a 50 paise a litre reduction in price of petrol from December 16 and 46 paise in case of diesel.

Petrol price, on January 1, was cut by 63 paise per litre and diesel’s by Rs 1.06 a litre.