India’s state-run oil marketing companies have reduced retail prices for petrol by Rs 0.80 a litre and retail price of diesel by Rs 1.30 a litre responding to lower crude oil prices. New rates will be effective from April 16.
As per IOC “Since last price change, trend of international prices of petrol and diesel and INR-USD exchange rate warrant a further downward move in prices, the impact of which is being passed on to the consumers with this price decrease,”
