Petrol, Diesel Prices To Be Reduced From January 1

NEW DELHI: Oil marketer Indian Oil Corp (IOC) announced a reduction in petrol and diesel prices effective midnight, following a fall in international crude oil prices.

According to IOC, petrol prices per litre will be reduced by 0.63 in New Delhi (including state levies) with corresponding price revision in other states.

After the price revision the petrol price in New Delhi will come down to 59.35 per litre.

In addition, IOC said the retail selling price of diesel will be cut by 1.06 per litre in Delhi and the fuel will now cost 45.03 per litre.

"The current level of international product prices of petrol and diesel and rupee-U.S. dollar exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision," IOC said in a statement here.

Also Read: Government Focusing On Backyard Poultry To Help BPL Families
10 Things to Know About the New Bankruptcy Code