State-owned Indian Oil Corporation (IOC) has reduced Petrol prices by 58 paise per litre and Diesel prices by 25 paise per litre with effect from the midnight of November 30 and December 1, 2015. The price of petrol in Delhi will become Rs. 60.48 a litre, while diesel will be Rs. 46.55 a litre.
The price cut more than reverses the hike of 36 paise a litre in petrol rates effected on November 16, the first increase in five months. Likewise, in the case of diesel, it reverses the three rounds of hikes since October -- the last being 87 paise a litre on November 16.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1304.20 |
| Indian Oil Corp. | 138.95 |
| BPCL | 295.15 |
| HPCL | 387.00 |
| MRPL | 156.40 |
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