News Release Details
New Delhi 20-Dec-2013
Press Release
Petrol and Diesel Price change
1.Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 20th Dec./21st Dec'13:
- Enhancement of Dealer Commission for Diesel by Rs. 0.10/litre (excluding state levies)
- Enhancement of Dealer Commission for Petrol at Delhi by Rs. 0.21/litre (excluding state levies)
- In addition to above, for Petrol, due to strengthening of prices in international markets and slight weakening of Rupee, it has been decided to increase retail selling price by Rs. 0.20/litre (excluding state levies).
The combined impact of the aforesaid revision and change in Dealer Commission on price of Petrol is an increase of Rs 0.41/litre (excluding state levies).
2. The Corporation continues to suffer under-recoveries on sale of Diesel(Retail) of Rs. 10.48/ SKO (PDS) of Rs.36.20/litre & LPG (Dom) of Rs. 542.50/cyl.
3.For the year 2013-14, the Corporation is expected to incur under-recovery of Rs 74,700 crore on sale of three sensitive products (Industry: Rs 1,43,800 crore)
The movement of prices in international oil market and INR-USD exchange rate is being closely monitored and developing trends of the market will be reflected in future price changes.