February 03, 2026 01:44 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
Mahindra’s Trucks, buses roar ahead with 40% sales surge in January
Mon, Feb 02 2026
SBI bets big on next-gen sectors with massive financing push
Mon, Feb 02 2026
TCS crowned Europe’s most trusted large IT services provider
Mon, Feb 02 2026
Renault India off to a flying start in 2026 with 33 pct YoY surge
Mon, Feb 02 2026