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IOC cuts Petrol price by 63 paise, diesel by 1.06 paise

01 Jan 2016 Evaluate

State-owned Indian Oil Corporation (IOC) has reduced Petrol prices by 63 paise per litre and Diesel prices by 1.06 paise per litre with effect from the midnight of December 31, 2015/ January 1, 2016. The price of petrol in Delhi will become Rs. 59.35 a litre, while diesel will be Rs. 45.03 a litre. The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision.

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.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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