Petrol price cut by 50 paise per litre
Diesel price was not changed.
"Indian Oil Corporation Ltd. has decided to decrease the Retail Selling Price of Petrol by Rs. 0.50/litre at Delhi (including State levies) with corresponding price revision in other States w.e.f midnight of 31st October / 1st November, 2015. With this change, the price of Petrol in Delhi will become Rs. 60.70/litre," the Indian Oil Corporation said in a statement.
"The current level of international product prices and INR-USD exchange rate warrant a price decrease, which is being passed on to consumers with this price revision," read the statement.
"The movement of prices in the 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," it said.
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.
