Petrol, diesel prices cut

With this change, the price of Petrol in Delhi will become Rs. 60.48/litre and the price of Diesel in Delhi will become Rs. 46.55/litre. The new prices will be effective Tuesday. The price cut will come into effect from the intervening night of November 30 and December 1. With the introduction of diesel hybrids like Toyota Camry and the SHVS technology brought in by Maruti in its premium sedans like Ciaz, the reduction in fuel prices are just another motivational factor to make that purchase decision of your desired auto. 43 on 1 August, Rs1.

Diesel rates were not altered on November 1, but treked by 95 paise on October 16 and 50 paise on October 1. The last revised prices were announced on November 16 with a hike of INR 87 paise a litre. Prices are hiked or lowered according to worldwide rates and the Rupee – US Dollar exchange rate. PSU oil marketing companies Indian Oil Corporation, Bharat Petroleum Corp and Hindustan Petroleum Corp revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rates in the previous fortnight.

International Olympic Committee closely monitors the prices of INR-USD exchange rate which reflects the changes in the price of diesel and petrol.