Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

We won't support this browser soon. For a better experience, we recommend using another browser. Learn More


Petrol prices slashed by 75 paise

April 01, 2014, 01:10 PM IST by Ranjan R. Bhat
Petrol prices slashed by 75 paise

Indian Oil Corporation (IOC) has announced a price cut of 75 paise per litre for petrol. The revised prices for petrol came into effect from midnight of March 31, while the monthly hike of diesel prices has been currently put on hold. Petrol prices were last revised on March 1, when it was increased by 60 paise per litre and this is the first reduction in five months. The 60 paise price cut excludes VAT and local sales tax and the effective cut for every city might be higher.

The new prices in New Delhi has gone down from Rs 73.16 to Rs 72.26, a reduction of 90 paise, while those in Mumbai have been revised from Rs 82.07 to Rs 80.89, a cut of Rs 1.18.

Fuel prices in India rely on the fluctuation of oil prices in the international market and the Rs-USD exchange rate. IOC said that the strengthening of the Indian currency in the international market as well as the dip in international oil prices have influenced this price cut.

A regulation passed by the Government in January 2013 permitted state-owned oil firms to hike prices of diesel every month, which has resulted in an increase of Rs 8.33 over the last 14 months. But now, with the under-recovery on diesel dipping below Rs 6 per litre threshold, consumers have been spared a price hike of diesel for April and the matter of price revision has been referred to the Election Commission. The cut though minimal, is nevertheless, welcome.

  • petrol prices
  • IOC
  • Indian Oil Corporation
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
bell icon
Never miss an update
Receive latest updates from CarWale
  • Upcoming Cars

Hyundai AuraHyundai Aura

21st Jan 2020

6L - ₹ 9L
Tata AltrozTata Altroz

22nd Jan 2020

6L - ₹ 8L
Tata Nexon FaceliftTata Nexon Facelift

22nd Jan 2020

7L - ₹ 11L
Tata Tigor FaceliftTata Tigor Facelift

22nd Jan 2020

6L - ₹ 7L
Tata Tiago FaceliftTata Tiago Facelift

22nd Jan 2020

4L - ₹ 7L
All Upcoming Cars
Buying a new Car?Leave a missed call1800 2090 230(Toll free)


Launching in...

  • 00DAYS
  • 00HRS
  • 00MINS
  • 00SEC
Know More

Select your city to avail offers

Currently available only in