The price of petrol has been cut by 31 paise per litre and of diesel by 71 paise on declining international oil rates and rupee appreciation.
Petrol in Delhi will cost Rs. 66.62 per litre from Wednesday. A litre of diesel will cost Rs. 50.22, Indian Oil Corp (IOC) said.
“Since last price change, there has been a decrease in international prices of both petrol and diesel. Indian rupee-U.S. dollar exchange rate has appreciated during this period. Combined impact of both these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease,” IOC said.
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.
No comments:
Post a Comment