News Release Details

Petrol and Diesel Price change
New Delhi   16-Jan-2015

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 16th/ 17th January'15



· Decrease in Retail Selling Price of Petrol by Rs. 2.42 /litre at Delhi (including state levies) with corresponding decrease in other states..


· Decrease in Retail Selling Price of Diesel (Retail) by Rs. 2.25 /litre at Delhi (including state levies) with corresponding decrease in other states.



Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 16th/ 17th January'15


Since the above price changes, the international prices of both Petrol and Diesel have continued to be on a downtrend, however the INR-USD exchange rate has depreciated. 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