State-owned Indian oil Corp (IOC) on November 29 said petrol price has been cut by Rs 9.6 per litre and diesel by Rs 7.56 in the past six weeks in step with the reduction in international oil rates. It also refuted reports that domestic LPG price may touch Rs 1,000 soon.
“Considering continuous fall in international prices of petrol and diesel, IOC has been continuously reducing the prices of petrol and diesel in the domestic market for about one-and-a-half months now,” the company said in a statement here.
The total reduction in the prices at Delhi from October 18, 2018, till date has been Rs 9.59 per litre for petrol and Rs 7.56 per litre for diesel, it said. Petrol in Delhi currently costs Rs 73.24 per litre, down from Rs 82.83 on October 17. Diesel is priced at Rs 68.13 a litre, down from Rs 75.69 on October 17.