December 26, 2025 06:43 pm (IST)
Follow us:
Petrol price cut by 70 paise a litre
New Delhi, Apr 15 (IBNS): In a relief to consumers, petrol prices have been slashed by Re. 0.70 paise per litre, which is the second reduction in six months.
The prices of diesel were left unchanged.
The reduction will be effective from Tuesday midnight.
Petrol prices were reduced by Re 0.75 per litre earlier on Mar 31.
"Indian Oil Corporation Ltd. has decided to decrease the retail selling prices of Petrol by Rs 0.70/litre (excluding state levies) w.e.f midnight of 15th / 16th April '14," state-run Indian Oil Corporation Ltd. (IOC) said in a statement on Tuesday.
"On 1st April’14, prices of Petrol were reduced by Rs. 0.75/litre excluding state levies resulting in Retail Selling Price at Delhi going down by Rs 0.90/litre. This reduction was effected on the back of a declining trend in international prices of MS accompanied by a strengthening of the INR-USD exchange rate."
"On 1st April’14, prices of Petrol were reduced by Rs. 0.75/litre excluding state levies resulting in Retail Selling Price at Delhi going down by Rs 0.90/litre. This reduction was effected on the back of a declining trend in international prices of MS accompanied by a strengthening of the INR-USD exchange rate."
"Since last price change, while International MS prices have remained almost static, the strengthening of INR-USD exchange rate has continued. The continued appreciation of the Rupee has resulted in reduction in petrol prices warranting the proposed decrease in selling price by Rs 0.70/litre (excluding state levies) w.e.f midnight of 15th / 16th April '14. With this price revision, RSP at Delhi shall decrease by Rs 0.85/litre," 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.
Support objective journalism for a small contribution.
Latest Headlines
Ola Electric skyrockets! Shares jump 5% on Rs 367 crore PLI windfall
Fri, Dec 26 2025
Big govt boost for Ola Electric! Rs 367 cr PLI sanction clears path to profitability
Fri, Dec 26 2025
Dream job alert: Infosys entry-level packages skyrocket to ₹21 lakh
Thu, Dec 25 2025
Bharti–Warburg storm Haier India! Sunil Mittal bets big as China’s Haier dilutes stake
Wed, Dec 24 2025
India clears new airlines to break aviation duopoly after IndiGo crisis exposes market risks
Wed, Dec 24 2025