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 pr
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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