Wednesday, October 15, 2014

IOC to cut petrol prices by 1.2 rupees from Wednesday

IOC to cut petrol prices by 1.2 rupees from Wednesday
Indian Oil Corp will cut retail gasoline prices by about 1.78 percent or 1.21 rupees a litre from Wednesday as global prices of the fuel have eased since the last revision, the company said in a statement late on Tuesday.

The three state-run fuel retailers -- IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd -- tend to move their prices together.

($1 = 61.42 Indian Rupees)

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