Petrol & Diesel Witness Price Cut Of 50 & 25 Paise Respectively

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Petrol and diesel prices witness a dip from December 1, 2015, across the country. The India Oil Corporation aligns fuel prices every fortnightly, to keep it in sync with international fuel prices. Diesel price is reduced by Rs. 0.25 per litre and petrol witnesses a drop of Rs. 0.58 per litre.

Here is the updated petrol and diesel pricing in Delhi from December 1, 2015.

Diesel will cost Rs. 46.55 per litre and petrol is priced at Rs. 60.48 per litre. Previously, petrol was priced at Rs. 61.06 per litre and diesel prices were Rs. 46.80 per litre.

In different cities of India, fuel prices will vary to an extent, owing to the taxation and duties applied to it. State Government bodies apply varying duties and taxes on both petrol and diesel prices. Consumers, however, benefit due to fuel prices being constantly aligned to international prices.

Next fuel price revision will be done of December 16, 2015. The Indian Oil Corporation revises fuel prices on the 1st and 16th of every month. Rupee to Dollar exchange rate is a major criteria for fuel price variations. Post de-regularisation of petrol and diesel fuel prices are changed every fortnightly.

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Story first published: Tuesday, December 1, 2015, 10:37 [IST]
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