News Release Details

Petrol and Diesel Price Change
New Delhi   15-Feb-2015

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th / 16th February'2015


• Increase in Retail Selling Price of Petrol by Rs. 0.82/litre at Delhi (including State levies) with corresponding increase in other States

• Increase in Retail Selling Price of Diesel (Retail) by Rs. 0.61 /litre at Delhi (including State levies) with corresponding increase in other States



Prices of Petrol and Diesel were last revised downwards w.e.f. 4th February'2015 by Rs.2.42/ litre and Rs.2.25 / litre respectively (including State levies at Delhi). This decrease in prices was effected on the back of declining international oil prices.


There has been a steep increase in international prices of both Petrol and Diesel and the INR-USD exchange rate has also depreciated slightly since the last price revision. The combined impact of both these factors warrants increase 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.