News Release Details

IndianOil Press Release on MS Price Revision
New Delhi   30-Apr-2013
Indian Oil Corporation Ltd. has decided to reduce the  retail selling prices of  Petrol w.e.f midnight of 30th April'13/ 1st May'13 by Rs. 3.00/litre (including VAT) at Delhi.

Prices of petrol were last decreased by Rs.1.20/litre (incl VAT) at Delhi w.e.f 16th April'13. Since last price change, the International prices of petrol have gone down from around $ 116/bbl to around $ 107/bbl. INR-USD exchange rate has also appreciated slightly from Rs 54.51/USD to Rs 54.26/USD during the same period. Thus, it has been decided to pass on the benefit to customers and accordingly the aforesaid reduction in the retail selling price of Petrol is being affected.

In addition to losses on sale of petrol, OMCs are suffering under-recovery on sale of HSD (Retail) of Rs. 3.80/litre, SKO (PDS) of Rs.27.93/litre & LPG (Dom) of Rs.379.00/cyl.

The movement in international oil prices and INR-USD exchange rate is being monitored and decision on future price changes shall be taken accordingly.

The details of existing and revised selling prices of petrol for metros are given below:

    New Delhi Mumbai Chennai Kolkata Hyderabad Bengaluru
 
Proposed RSP Rs/litre

63.09

69.73

65.90

70.35

68.86

69.35

Current RSP Rs/litre

66.09

72.88

69.08

73.48

72.14

72.63

Decrease Rs/litre

(3.00)

(3.15)

(3.18)

(3.13)

(3.28)

(3.28)