mangalore today
name
name
name
Tuesday, December 18
Boscossnamename

 

Petrol Price cut by Rs 1 Per Litre, Diesel by Rs 2 Per Litre

Petrol Price cut by Rs 1 Per Litre, Diesel by Rs 2 Per Litre


Mangalore Today News Network

New Delhi Aug 16 , 2016 : Petrol price was today cut by Rs 1 per litre while diesel rate was lowered by Rs 2 per litre. Revised prices will take effect from midnight.

 

petrol 16 aug 16Petrol in Delhi will now cost Rs 60.09 per litre, and diesel will cost Rs 50.27 a litre.

Fuel prices were last revised on July 31, when the price of petrol price was lowered by Rs 1.42 a litre while that of diesel was reduced by Rs 2.01 per litre.


Petrol and diesel prices are deregulated in India, which means they are linked to market rates.

State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) revise rates of the fuels on the 1st and 16th of every month based on the average oil price and foreign exchange rate in the preceding fortnight.

The rupee finished at 66.88 per dollar on Friday. The Indian currency has appreciated by 13 paise, or 0.2 per cent, since last price revisio


Write Comment | E-Mail | Facebook | Twitter | Print
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
You have characters left.
Security Validation
Enter the characters in the image above