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Public sector oil marketing companies announced a cut in the retail selling price of petrol and diesel by ₹ 0.80 a litre and ₹ 1.30 a litre respectively, in Delhi with a corresponding decrease in other states. The decrease includes state levies and will vary from state to state.
The new prices are effective from midnight of April 15/16.
“Prices of petrol and diesel were last revised downwards with effect from April 2. Since last price change, the trend of international prices of petrol and diesel and INR-USD exchange rate warrant a further downward revision in prices, the impact of which is being passed on to the consumers with this price decrease,” Indian Oil said in a statement.
“The movement of prices in international oil market and rupee-dollar exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes,” the company added.
After the decrease petrol will cost ₹ 59.20 a litre in Delhi while diesel will cost ₹ 47.20 a litre.
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