News Release Details

Petrol and Diesel Price change
New Delhi   30-Nov-2014

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th November'14 / 1st December'14



The prices of Petrol and Diesel were last revised downwards w.e.f. 1st November'14 by Rs. 2.41/ litre and Rs. 2.25/ litre respectively (including state levies at Delhi) on the back of declining international oil prices.

Since the above price changes, the international prices of both Petrol and Diesel have continued to be on a downtrend. The INR-USD exchange rate has however appreciated since the last price change. The combined impact of both these factors warrant a decrease in Retail Selling Prices of both Petrol and Diesel.

The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes.