Agartala, November 5 (TIWN): The price of Petrol and Diesel is likely to be reduced within few days- says high level official sources. It is to be mentioned here that the International price of oil was reduced on Wednesday.

Earlier, the Government recently  had  reduce d the price o petrol into Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates. Indian Oil Corp, the nation's largest fuel retailer, announced that the reduction in rates of petrol and diesel, which was deregulated for the first time in more than a decade, will be effective from yesterday midnight.

On the other hand, the Rs 2.41 a litre price cut in petrol and Rs 2.25 in diesel was after accounting for a 10-15 paise increase in commission paid to petrol pump dealers. The reduction should have been higher by 10-15 paise if the dealer commission had not been increased. Prices vary from state to state because of differential rate of local sales tax or VAT. Due to this the rate of petrol in Tripura after reduction of cost 62rupees  97paisa.