News Release Details
New Delhi 01-Apr-2015
Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 1st / 2nd April, 2015
• Decrease in Retail Selling Price of Petrol by Rs. 0.49/litre at Delhi (including State levies) with corresponding decrease in other States. With this change, the price of Petrol in Delhi will become Rs. 60.00/litre.
• Decrease in Retail Selling Price of Diesel (Retail) by Rs. 1.21 /litre at Delhi (including State levies) with corresponding decrease in other States. With this change, the price of Diesel in Delhi will become Rs. 48.50/litre
Prices of Petrol and Diesel were last revised on. 1st March'15. Since then, the international prices of both Petrol and Diesel have declined. The INR-USD exchange rate has however depreciated. The impact of both these factors warrants 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