Diesel, petrol prices reduced by Rs 2 per litre each
The new prices will come to effect from midnight of Dec 15 and Dec 16.
"Decrease in Retail Selling Price of Petrol by Rs. 2.00 /litre at Delhi (including state levies) with corresponding decrease in other states," state-run Indian Oil Corporation Ltd. (IOC) said in a statement.
"Decrease in Retail Selling Price of Diesel (Retail) by Rs. 2.00 /litre at Delhi (including state levies) with corresponding decrease in other states," it said.
"Since the above price changes, the international prices of both Petrol and Diesel have continued to be on a downtrend. The INR-USD exchange rate has however appreciated since the last price change. The combined impact of both these factors warrant a decrease in Retail Selling Prices of both Petrol and Diesel," read the statement.
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