Petrol price reduced by Rs 1 per litre
The new price will be effective from midnight of Oct 14 and Oct 15.
"Since last price change, international petrol prices have continued to show a downward trend. However, the INR-USD exchange rate has depreciated," the Indian Oil said in a statement.
Despite INR-USD depreciation, the fall in international oil prices warrant a decrease in selling price of petrol in the domestic market. Thus a downward revision in selling price of petrol by Re 1.00 /litre (excluding state levies) is being effected from midnight of 14th/15th Oct'14. With this price revision, Retail Selling Price at Delhi shall decrease by Rs 1.21/litre (including VAT), with corresponding decrease in other states," it said.
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