NEW DELHI, MARCH 31 : Indian Oil Corporation Ltd (IndianOil). has decided to effect the following price changes from midnight of March 31 / April 01, 2017
-Decrease in selling price of petrol by Rs 3.77/litre (excluding State levies)
- Decrease in selling price of diesel by Rs 2.91/litre (excluding State levies)
The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision , says company'sstatement issued on Friday.
The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, the statement adds.