Petrol Prices Slashed by 74 Paise, Diesel by Rs. 1.30

Modified On Apr 15, 2016 07:30 PM By Raunak

56.2K Views
Write a comment

Fuel prices have been slashed by the government-owned oil companies - IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL). The price of the petrol has been reduced by 74 paise a litre while diesel gets a reduction of Rs.1.30 a litre. The new prices will be effective from midnight April 15, 2016, that is tonight.

Earlier this month on 4th, the prices were increased by 98 paise a litre for diesel and Rs. 2.19 a litre for the petrol.

"The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with his price revision," Indian Oil said in a statement.

"The movement of prices in the international oil market and rupee-US Dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," it added.

Published by

Raunak

Was this article helpful ?

0 out of 0 found this helpful