After successful implementation of daily revision of Retail Selling Prices of Petrol and Diesel on a pilot basis in Chandigarh, Jamshedpur, Puducherry District, Udaipur and Visakhapatnam from 1st May, 2017, Indian Oil Corporation Ltd. (IOC) said on Thursday that it will on the same start revising Retail Selling Prices of Petrol and Diesel across the country on a daily basis from 16th June 2017.
The first such revision amounted to a cut in petrol prices by Rs 1.12 a litre (excluding state levies) and diesel prices by Rs 1.24 a litre (excluding state levies). These prices will be applicable from Friday.
The new prices declared on a daily basis shall be applicable from 6 AM to 6 AM the next day, Indian Oil said..
“IOC has decided to effect the following price changes for 16th June 2017… Decrease in Selling Price of Petrol by Rs. 1.12/litre (excluding State levies) and Decrease in Selling Price of Diesel by Rs. 1.24/litre (excluding State levies),” IOC said in a statement.
“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant decrease in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.”
In order to verify fuel prices, customers can send SMS: RSPDEALER CODE to 9224992249 OR download the Fuel@IOC App and locate the petrol pump to verify prices OR log on to the website www.iocl.com and go to the link “Locate your nearest IndianOil Petrol Pump and view prices.”
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