IOCL cuts Petrol, Diesel Prices, despite rise in  Indian Basket Crude Oil prices

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By T. Moharana

NewDelhi:   Indian Oil has continued reduction of Petrol, Diesel prices  in the domestic market.  Today, the PSU Oil marketing company has cut Petrol prices by 14 to 18 paise and Diesel prices by 10-14 paise.

After this reduction Petrol price has come down to Rs.75.55 and Diesel prices to Rs. 67.38 in Delhi. Similarly, Petrol and Diesel Prices in Mumbai has come down to Rs.83.12 and Rs.71.52 respectively. Similarly, in Bhubaneswar Petrol and Diesel prices have come down to Rs.74.38 and Rs. 72.22 respectively.

In the International market Brent Crude Oil has once again started rising by 0.31% to USD 74.78 per barrel. The Indian Basket prices have also increased by 0.80% to USD 72.18 per barrel.

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