New Delhi, March 31, 2017 : Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st March 2017 / 01st April 2017
• Decrease in Selling Price of Petrol by Rs. 3.77/litre (excluding State levies)
• Decrease in Selling Price of Diesel by Rs. 2.91/litre (excluding State levies)
The current level of international product prices of Petrol & 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.
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.