August 15, 2026 08:31 pm (IST)
Follow us:
Petrol price slashed, diesel price hiked
New Delhi, July 31 (IBNS): State-run oil company Indian Oil Corporation (IOC) on Thursday said petrol prices would be slashed by Rs 1.09 per litre while diesel prices would go up by 50 paise per litre.
The new prices will come to effect from Thursday midnight.
"During the past fortnight, Petrol prices have showed a downward trend while the INR-USD rate has slightly depreciated. The combined impact of these two factors warrants a decrease in RSP of MS by Rs. 1.09/litre at Delhi, (inclusive VAT) with corresponding decrease in other states," the IOC said in a statement.
For the same reason, the selling price of bulk diesel has been cut by 72 paise per litre.
Besides, rates of non-subsidised LPG cylinders has been reduced by Rs. 2.50 per 14.2-kg cylinder.
The rate of LPG commercial cylinder has also been reduced by Rs. 4 for a 19-kg cylinder.
In case of diesel, the IOC announced a increase of 50 paise, excluding local levies. After including local levies, the hike came to 56 paise per litre in Delhi.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
BSNL’s Independence Day gift: Re 1 Recharge, 412-Day Plan and 500 Free TV Channels. Check now
Sat, Aug 15 2026
Emami’s big snack bet: ₹750 crore investment, new WeMe brand targets ₹1,000 crore in 3-5 years
Sat, Aug 15 2026
HCG Q1 results: Cancer care major posts 190% jump in adjusted profit, revenue rises 13%
Fri, Aug 14 2026
Big relief for Zee Entertainment: SAT allows warrants issue, dividend access despite SEBI ban
Fri, Aug 14 2026
Olectra Greentech Q1 shocker: Revenue soars 66%, profit barely moves; shares crash 4%
Fri, Aug 14 2026
Red Friday on Dalal Street: Sensex plunges 300 points, Nifty slides amid geopolitical tensions
Fri, Aug 14 2026
Tata Motors shares jump 6% after Q1 profit soars 83% to ₹2,560 crore
Thu, Aug 13 2026
RVNL posts strong Q1 numbers, but shares fall sharply
Thu, Aug 13 2026