Good days continuing to flow in as the fuel prices in the country witness yet another sharp cut. With this rivision, prices of petrol will fall by Rs 2.42 per litre while diesel will get cheaper by Rs 2.25 per litre. This is the tenth price cut in petrol prices since August and sixth in diesel since October last year. With these new prices in effect, a litre of petrol, in Delhi, would cost Rs 58.91 while diesel will cost Rs 48.26 per litre. The revised prices would be effective from midnight of February 4, 2015.
Expressing its views on this latest price cut, Indian Oil said, in an official statement said, “International prices of both petrol and diesel have continued to be on a downtrend and the rupee-dollar exchange rate has appreciated. The combined impact of both these factors warrants a decrease in retail selling prices of both petrol and diesel.”
“The movement of prices in international oil market and rupee-dollar exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes,” the company added.
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