News Release Details

Press Release on MS and HSD price revision
New Delhi   31-May-2013
Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st May'13 / 1st June'13:



Prices of Petrol were last revised downwards on 1st May'13 by Rs. 2.50/litre (excluding state levies). The current increase is required mainly due to depreciation of Rupee from Rs 54.26/USD to Rs 55.32/USD.

Further, in pursuant to GOI order dated 17th Jan'13, OMCs have been authorised to increase the retail selling price of Diesel within a small range every month until further orders. Accordingly, since then, retail Diesel prices are being revised every month. In continuation of the above, Indian Oil Corporation Ltd. has decided to effect the aforesaid increase in retail Diesel prices. Even after the current increase, under-recovery on retail Diesel shall stand at Rs. 4.87/ litre.

In addition to HSD (Retail), OMCs continue to suffer under-recovery on sale of SKO (PDS) of Rs.27.75/litre & LPG (Dom) of Rs.334.50/cyl.

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

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

63.99

70.68

66.85

71.29

69.84

70.33

Current RSP Rs/litre

63.09

69.73

65.90

70.35

68.86

69.35

Price Change Rs/litre

0.90

0.95

0.95

0.94

0.98

0.98

Diesel (Retail)

Proposed RSP Rs/litre

50.25

56.66

53.53

54.56

54.76

54.82

Current RSP Rs/litre

49.69

56.04

52.92

53.97

54.15

54.21

Price Change Rs/litre

0.56

0.62

0.61

0.59

0.61

0.61