Petrol price was reduced by Rs 1.12 per liter and diesel by Rs 1.24 per liter.
Diesel and Petrol prices will go through rate change on a daily basis starting today. The price change will take place at 6 a.m every day. Consumers can check the prices on Indian Oil Corporation (IOC)’s website or the IOC’s mobile app Fuel@IOC. Oil marketing companies (OMC) took the decision to change the prices on a daily basis in a bid to standardize domestic fuel prices according to international rates. Earlier, petrol prices would change on a fortnightly basis.
IOC intends to start revising retail selling prices of petrol and diesel across the country on a daily basis with effect from June 16. The prices declared on a daily basis shall be applicable from 6 am to 6 am the next day.