After claiming that it was reducing the fuel prices by 59 paise in metro cities, the Indian Oil Corporation (IOC) cut the prices only by one paisa. The state-owned firm later clarified that they had published the wrong price data on Wednesday morning.

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"There was a technical glitch in posting the selling prices of petrol and diesel on our website today," the company said in its statement, clarifying the revised fuel prices.

"The selling prices of petrol and diesel with effect from May 30, 2018, have been rectified on our website. Today, there is a minor reduction in fuel prices," the statement said.

The fuel prices were cut for the first time after 16 days of continuous rise in rates. The current petrol price in Mumbai is Rs 86.23 per litre from the previous Rs 86.24 per litre and the current diesel price is Rs 73.78 per litre from the previous Rs 73.79 per litre.

Before the oil retailer corrected the error, the petrol price in Mumbai was pegged at Rs 85.65 per litre and diesel at Rs 73.20 per litre, each falling by 59 paise.

The fuel prices in New Delhi were also cut only by one paisa. The current diesel price is pegged at Rs 69.30 per litre rate from the earlier Rs 69.31 per litre rate while the petrol was pegged at Rs 78.42 per litre from the previous Rs 78.43 per litre.

The rate before the correction in New Delhi was Rs 77.83 per litre for petrol and Rs 68.75 per litre for diesel.

First Published:May 30, 2018 11:17 AM IST