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</p><p>&nbsp; Giving much of a delight to owners, the government today announced the significant price drop of petrol and negligent in diesel rates. The price of petrol will be cut by Rs 2.25 per liter and diesel by Rs 0.42 per liter. Accounting the change in rates, petrol will now cost Rs 60.26 per liter, while diesel will cost Rs 53.86 per liter in Delhi.</p><p>&nbsp; Comparing major centers for their fuel prices, Chennai has most economical petrol rate at Rs 59.75 and Mumbai has to shell out more per liter as prices stand at Rs 64.86.</p><p>&nbsp; This is the second big change in over a span of one month. Earlier on June 1, the Indian Oil Corporation (IOCL) had hiked petrol prices by Rs 2.58 a liter and diesel by Rs 2.26. No reason has been specified for these spike changes in price in quick successions.</p><p></p>