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IOC hikes Petrol price by 42 paise per litre

16 Jan 2017 Evaluate

State-owned Indian Oil Corporation (IOC) has hiked Petrol prices by 42 paise a litre and Diesel prices by Rs 1.03 per litre with effect from the midnight of January 15/ January 16, 2017. Petrol will be sold at Rs 71.13 per litre in Delhi, while Diesel will cost Rs 59.02 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.

Peers
Company Name CMP
Reliance Industries 1176.25
Indian Oil Corpn. 131.65
Bharat PetroleumCorp 298.00
HPCL 344.50
MRPL 165.20
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