Comments
Public sector oil marketing companies announced a cut in retail selling price of petrol by ₹ 2 a litre and diesel by ₹ 0.5 a litre in Delhi on Monday. The price cut is inclusive of state levies and will vary from state to state.
The price change will be effective midnight August 31/September 1. After the change petrol will cost ₹ 61.20 a litre in Delhi while diesel will cost ₹ 44.45 a litre.
"Since last price change (with effect from August 1, 2015), there has been a decrease in international prices of both petrol and diesel. The rupee-dollar exchange rate has, however, depreciated during this period. Combined impact of both these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease," IndianOil said in a statement.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.