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Petrol to cost less from July 1

New Delhi June 16. Petrol and diesel are likely to cost less by more than 50 paise per litre from July 1 when oil companies revise the prices of both the commodities.

``The fact is crude prices since May 30 have been softening and fell below the $23 per barrel level last week from more than $24 in the third week of May,'' officials said.

The prices of LPG (domestic) and kerosene were unlikely to be revised as the Government had yet to settle the issue of flat subsidy on both products, they said. — UNI

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