Indian Oil clears confusion on petrol, diesel price cut

Login   |  Register Now

Follow us with

Indian Oil clears confusion on petrol, diesel price cut

Posted on : Wednesday 30th of May 2018

Total 1 News Image

New Delhi: Indian Oil Corporation (IOC) on Wednesday corrected figures of reduction in both petrol and diesel prices blaming clerical error for previous rates.

Earlier in the morning IOC in its website said that petrol prices went down by 60 paise in Delhi and 59 paise in Mumbai. Similarly Diesel prices went down by 56 paise in Delhi and 59 paise in Mumbai.

However, the exact reduction in petrol and diesel prices after a 16-consecutive day hike was just 1 paise, IOC said.

The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates.  In all, petrol price was increased by Rs 3.8 per litre and diesel by Rs 3.38 in that fortnight.

Prices vary from state to state depending on local sales tax or VAT. Delhi has the cheapest price among all metros and most state capitals.

Disclaimer: The contents or any information provided here is strictly personal and does not hold any responsibility or liability on them. We shall endeavor to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libelous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.


Copyright © 2012-2018, All rights Reserved   |  |  This Logo is a trademark of Way4Indians. For Enquires, please contact :