Petrol Down ₹ 2.25 a ltr and diesel by ₹ 0.42 a ltr

Petrol Down ₹ 2.25 a ltr and diesel by ₹ 0.42 a ltr

Country’s largest oil refining and marketing company, Indian Oil Corporation Ltd (IOC) announced a cut in the prices of petrol and diesel across the country.

To be effective from the midnight of 15th / 16th July, the pump price of petrol in Delhi (including state levies) has been cut by Rs. 2.25/litre (including State levies) with corresponding price reduction in other States.

With this change, the price of Petrol in Delhi will become Rs. 62.51/litre.

​The pump price of Diesel in Delhi has been reduced by Rs. 0.42/litre at Delhi (including State levies) with corresponding price cuts in other States.

With this change, the price of Diesel in Delhi will become Rs. 54.28/litre.

“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant decrease in selling prices of both Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision, said IOC in a statement.

The statement added that movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.

Also read: http://energyinfrapost.com/global-crude-oil-price-indian-basket-us-43-79-per-bbl-14-07-2016/

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