News Release Details

Petrol Price Change w.e.f midnight of 14th / 15th Oct’14
New Delhi   14-Oct-2014

 

Petrol Price Change w.e.f midnight of 14th / 15th Oct'14

 
Petrol prices were last revised w.e.f 1st Oct'14 when Retail Selling Price was reduced by Rs 0.65/litre (including VAT) at Delhi with corresponding decrease in other states. This reduction was mainly on the back of a declining trend in international petrol prices.

Since last price change, international petrol prices have continued to show a downward trend. However, the INR-USD exchange rate has depreciated. Despite INR-USD depreciation, the fall in international oil prices warrant a decrease in selling price of petrol in the domestic market. Thus a downward revision in selling price of petrol by Re 1.00 /litre (excluding state levies) is being effected from midnight of 14th/15th Oct'14. With this price revision, Retail Selling Price at Delhi shall decrease by Rs 1.21/litre (including VAT), with corresponding decrease in other states.