#India's #FuelPrices Update for #Petrol and #Diesel Price in #Delhi #Kolkatta #Mumbai #Chennai

Here is the price change list of Petrol and Diesel in Four Metro Cities of India w.e.f. midnight of 15th December 2014 and 16th December 2014

w.e.f - With effect from.

#Fuels #PetrolPrices #DieselPrices #Gasoline #GasolinePrices #GasPrices #OilPrices

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Press Releases:

Petrol and Diesel Price change New Delhi, December 15, 2014

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th December / 16th December'14

· Decrease in Retail Selling Price of Petrol by Rs. 2.00 /litre at Delhi (including state levies) with corresponding decrease in other states.

· Decrease in Retail Selling Price of Diesel (Retail) by Rs. 2.00 /litre at Delhi (including state levies) with corresponding decrease in other states.

The prices of Petrol and Diesel were last revised downwards w.e.f. 1st December'14 by Rs. 0.91/ litre and Rs. 0.84/ litre respectively (including state levies at Delhi) on the back of declining international oil prices.

Since the above price changes, the international prices of both Petrol and Diesel have continued to be on a downtrend. The INR-USD exchange rate has however appreciated since the last price change. The combined impact of both these factors warrant a decrease in Retail Selling Prices of both Petrol and Diesel.

The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes.

Petrol and Diesel Price change Share on email Email Print ; New Delhi, November 30, 2014

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th November'14 / 1st December'14

• Decrease in Retail Selling Price of Petrol by Rs. 0.91 /litre at Delhi (including state levies) with corresponding decrease in other states.

• Decrease in Retail Selling Price of Diesel (Retail) by Rs. 0.84 /litre at Delhi (including state levies) with corresponding decrease in other states.

The prices of Petrol and Diesel were last revised downwards w.e.f. 1st November'14 by Rs. 2.41/ litre and Rs. 2.25/ litre respectively (including state levies at Delhi) on the back of declining international oil prices.

Since the above price changes, the international prices of both Petrol and Diesel have continued to be on a downtrend. The INR-USD exchange rate has however appreciated since the last price change. The combined impact of both these factors warrant a decrease in Retail Selling Prices of both Petrol and Diesel.

The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes

Petrol and Diesel Price Change : New Delhi , 31st October 2014

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st October'14/ 1st November'14

• Decrease in Retail Selling Price of Petrol by Rs. 2.41 /litre at Delhi (including state levies) with corresponding decrease in other states.

• Decrease in Retail Selling Price of Diesel (Retail) by Rs. 2.25 /litre at Delhi (including state levies) with corresponding decrease in other states.

The price of Petrol was last revised downwards w.e.f. 15th Oct'14 by Rs. 1.21/ litre (including state levies at Delhi) on the back of declining international oil prices.

As for Diesel prices, the Government decided to make Diesel prices market determined for all consumers on 18th October, 2014. Subsequently, w.e.f 19.10.2014, based on prevailing level of international prices and INR-USD exchange rate, the selling price of Diesel in domestic market was reduced by Rs. 3.37/ litre (including state levies at Delhi) with corresponding decrease in other states.

Since the above price changes, the international prices of both Petrol and Diesel have continued to be on a downtrend. The INR-USD exchange rate has appreciated slightly since the last price change. The combined impact of both these factors warrant the said decrease in Retail Selling Prices of Petrol and Diesel.

The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes.

Petrol Price Change w.e.f midnight of 14th / 15th Oct'14

Petrol prices were last revised w.e.f 1st Oct'14 when Retail Selling Price was reduced by Rs 0.65/litre (including VAT) at Delhi with corresponding decrease in other states. This reduction was mainly on the back of a declining trend in international petrol prices.

Since last price change, international petrol prices have continued to show a downward trend. However, the INR-USD exchange rate has depreciated. Despite INR-USD depreciation, the fall in international oil prices warrant a decrease in selling price of petrol in the domestic market. Thus a downward revision in selling price of petrol by Re 1.00 /litre (excluding state levies) is being effected from midnight of 14th/15th Oct'14. With this price revision, Retail Selling Price at Delhi shall decrease by Rs 1.21/litre (including VAT), with corresponding decrease in other states.

Diesel (Retail) Price Change w.e.f midnight of 18/19 Oct'14

On 18.10.14, the Government has decided to make the price of Diesel market determined at both Retail and Refinery Gate level for all consumers wef midnight of 18/19th Oct14. Henceforth, Oil Marketing Companies (OMCs) are free to determine selling prices of the product in the domestic market.

The International oil prices have been on a steady and steep decline in the last few weeks. The falling international prices of Diesel warrant a decrease in selling price of Diesel in the domestic market. Thus a downward revision in selling price of Diesel is being effected w.e.f midnight of 18/19th Oct'14.

With this price revision, RSP at Delhi of Diesel shall decrease by Rs 3.37/litre (including VAT), with corresponding decrease in other States.

The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes in Diesel prices.

The existing and proposed selling prices and reduction thereof in prices being effected for the four metros is given below :