Petrol and diesel prices are reduced
Written by : SMTV24x7 | Tue, May 16, 2017, 11:02 AM
New Delhi May 16: Here is the good news for the Petrol Lovers as the Petrol price was today cut by Rs2.16 per litre and diesel by Rs 2.10 a litre.
Coming to details that The reduction, which will be effective from today onwards,
we already knew that, petrol price was hiked by Rs 1.39 per litre and diesel by Rs 1.04 a litre from April 16. Indian Oil Corp (IOC), the nation's largest fuel retailer, said the price of petrol is being reduced by Rs 2.16 per litre and that of diesel by Rs 2.10 - both excluding state levies.
According to the statement details that "The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a statement.