Petrol price increased by Rs. 1.23/litre, diesel by Rs. 0.89/litre

Petrol-pump

Indian Oil Corporation Limited has decided to effect the following price changes with effect from midnight of May 31 / June 1.

An increase in selling price of Petrol by Rs. 1.23/litre (excluding state levies)

Also, an increase in selling price of Diesel by Rs. 0.89/litre (excluding state levies)

The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.

The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s