Petrol price reduced by 50 paise/litre, diesel unchanged

Our Bureau Updated - January 23, 2018 at 01:21 AM.

petrol

Public sector oil marketing companies have reduced the retail selling price of petrol by 50 paise a litre in Delhi while leaving diesel prices unchanged. The new price will be effective midnight October 31/November 1 and includes state levies. The change will vary from state to state. 

With this change, the price of petrol in Delhi will become Rs. 60.70/litre.

"The current level of international product prices and rupee-US dollar exchange rate warrant a price decrease, which is being passed on to consumers with this price revision," IndianOil corporation said in a statement. 

"The movement of prices in the international oil market and rupee-US dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," it added. 

Published on October 31, 2015 13:19