Indian Oil announces changes in petrol and diesel price

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18 April 2016, Oil

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With this change, the price of petrol in Delhi will become INR61.13 per liter and the price of diesel in Delhi will become INR48.01 per liter.

Prices of Petrol and Diesel were last revised w.e.f. 1st August'15. Since last price change, there has been a decrease in international prices of both Petrol & Diesel. INR-USD exchange rate has, however, depreciated 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.

The movement of prices in 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.

Source: MarketLine

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