News Release Details

Press Release on Petrol and Diesel Price Revision
New Delhi   31-Aug-2016

The Retail Selling Prices of Petrol and Diesel have been reduced on four occasions in the last two months on the back of decreasing international oil prices. As a consequence, the prices in Delhi were reduced by Rs. 5.56/litre for Petrol and Rs. 4.92/litre for Diesel.

During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13% (over $ 5/bbl) compared to previous fortnight, with a corresponding increase in the international prices of petroleum products. The current level of international prices warrant an increase in prices of Petrol and Diesel, the impact of which is being passed on to the consumers. In view of above, Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st August 2016 / 01st September 2016


• Increase in Retail Selling Price of Petrol by Rs. 3.38/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. 63.47/litre.

• Increase in Retail Selling Price of Diesel by Rs. 2.67/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. 52.94/litre.


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


For Petrol prices click here

For Diesel prices click here