New Year Gift: Petrol price down by 63 paise, diesel Rs 1.06 a litre
Updated: Jan 01, 2016 12:07:11pm
New Delhi, Jan 1 (KNN) Giving more relief to the consumers the prices of petrol and diesel have been slashed by 63 paise and 1.06 a litre respectively. This is the third time in the month the prices have been cut as global oil rates are going down.
Now the Petrol is costing Rs 59.35 per litre in Delhi from today onwards as against Rs 59.68 currently. A litre of diesel is costing Rs 45.03 as opposed to Rs 46.09 presently, said Indian Oil Corp (IOC).
Prices were last cut by 50 paise in case of petrol and 46 paise a litre in diesel on December 16. The reduction would have been more but for government move to mop up gains arising from oil prices slumping to 11-year low by way of an excise duty hike.
Prior to that oil firms had last cut petrol price by 58 paise per litre and diesel by 25 paise on December 1.
In an official statement IOC said "The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision,"
The 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, it added. (KNN Bureau)
Now the Petrol is costing Rs 59.35 per litre in Delhi from today onwards as against Rs 59.68 currently. A litre of diesel is costing Rs 45.03 as opposed to Rs 46.09 presently, said Indian Oil Corp (IOC).
Prices were last cut by 50 paise in case of petrol and 46 paise a litre in diesel on December 16. The reduction would have been more but for government move to mop up gains arising from oil prices slumping to 11-year low by way of an excise duty hike.
Prior to that oil firms had last cut petrol price by 58 paise per litre and diesel by 25 paise on December 1.
In an official statement IOC said "The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision,"
The 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, it added. (KNN Bureau)
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