Indian Oil Corporation Limited, the country’s top refiner, and fuel retailer, on Wednesday marginally reduced the fuel prices in the country. According to IOCL website, the petrol and diesel prices were cut down by a just 1 paisa. Earlier, it was reported that petrol prices have been reduced by 60 paisa, but IOCL made it clear that it was an error. The petrol prices in New Delhi stood at Rs 78.42/litre and Rs 86.23/litre in Mumbai.