Comments
Public sector oil marketing companies announced a cut in retail selling price of petrol by 58 paise a litre and diesel by 25 paise a litre in Delhi on Monday. The price cut is inclusive of State levies and will vary from State to State.
The price change will be effective midnight November 30/December 1. After the change, petrol will cost ₹60.48 a litre in Delhi while diesel will cost ₹ 46.55 a litre.
"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 this price revision," IndianOil 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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.