News Release Details
New Delhi 30-Apr-2015
Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th April / 1st May, 2015:
• Increase in Retail Selling Price of Petrol by Rs. 3.96/litre at Delhi (including State levies) with corresponding price revision in other States. With this change, the price of Petrol in Delhi will become Rs. 63.16/litre.
• Increase in Retail Selling Price of Diesel (Retail) by Rs. 2.37 /litre at Delhi (including State levies) with corresponding price revision in other States. With this change, the price of Diesel in Delhi will become Rs. 49.57/litre
Prices of Petrol and Diesel were last revised downwards w.e.f. 16th April'15 by Rs. 0.80/litre and Rs. 1.30/litre respectively (including state levies at Delhi). Since last price change, there has been a sharp increase in the the international prices of Petrol & Diesel. INR-USD exchange rate has also depreciated during this period. Therefore, combined impact of both these factors warrant an upward revision in prices, the impact of which is being passed on to the consumers with this price increase.
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