Considering continuous fall in international prices of Petrol and Diesel, Indian Oil Corporation (IndianOil) has been continuously reducing the prices of petrol and diesel in the domestic market for about one-and-a-half months now.
The total reduction in the prices at Delhi from Oct. 17, 2018 till date has been Rs. 9.59 per litre for Petrol and Rs 7.56 per litre for Diesel. Corresponding reduction in prices has also been effected in other markets all over India.
The average prices of Petrol and Diesel in the international market as well as US$-INR exchange rate for the previous 15 days are considered while determining their domestic prices.
The past 44 days have seen a continuous declining trend in the domestic prices of Petrol and Diesel as there has been a decrease in the international prices of both Petrol and Diesel. The movement of prices in the international oil market as well as INR-US$ exchange rate shall continue to be monitored closely and the prevailing trends of the market will be reflected in future price changes
Executive Director (Corporate Communications)
Indian Oil Corporation Limited
Corporate Office,Sadiq Nagar
New Delhi - 110049