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16-Nov2016

IOC cuts petrol prices by Rs 1.46, diesel by Rs 1.53

State-owned Indian Oil Corporation (IOC) has reduced Petrol prices by Rs 1.46 and Diesel prices by Rs 1.53 per litre with effect from the midnight of November 15/ November 16, 2016. The prices of petrol in Delhi have become Rs 65.93 a litre, while diesel prices have become Rs 54.71 a litre. The current level of international product prices of Petrol & Diesel and rupee-dollar 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 is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.


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