Indian Oil Corporation (IOC) has hiked Petrol prices by Rs 2.21 per litre and Diesel prices by Rs 1.79 per litre, excluding local levies. The price revised rates are effective from the intervening midnight of December 16 and December 17, 2016. The actual hike after considering VAT would be Rs 2.84 per litre in Delhi for petrol and Rs 2.11 for diesel. Post hike, Petrol will be sold at Rs 68.94 per litre in Delhi, while Diesel will cost Rs 56.68 per litre. The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and Diesel, 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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1435.70 |
| Indian Oil Corp. | 144.70 |
| BPCL | 302.85 |
| HPCL | 387.00 |
| MRPL | 167.90 |
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