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Petrol price reduced, diesel hiked

India Blooms News Service | 31 Aug 2014, 02:59 am
New Delhi, Aug 30 (IBNS) Petrol price has been reduced by Rs 1.82 a litre while diesel price at retail outlets has been increased by Re 0.57 a litre, officials said on Saturday.

"Since last price change, petrol prices have continued to show a downward trend and the INR-USD exchange rate has also appreciated slightly. The current levels of international oil prices and INR-USD exchange rate warrant a decrease in selling price of petrol in the domestic market. Thus a downward revision in selling price of petrol prices is being effected w.e.f midnight of 30th / 31st August '14.: With this price revision, RSP at Delhi shall decrease by Rs 1.82/litre (including state levies), with corresponding decrease in other States," the  state-run Indian Oil Corporation Ltd. (IOC) said in a statement.

"For Retail Diesel, on 17th Jan'13, Gal authorized PSU OMCs to increase selling price within a small range every month. Accordingly, an increase of Rs. O.SO/Iitre(excluding VAT) is being effected in Retail Diesel prices, w.e.f midnight of 30th / 31st August '14, resulting in increase of Rs. 0.57/litre in RSP at Delhi (including VAT) with corresponding increase in other states," it said.
 

Petrol price reduced, diesel hiked

India Blooms News Service
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