Nagpur: With oil prices nose-diving globally on various counts the oil companies in India announced a cut in petrol and diesel prices. Petrol price was cut by Rs 2 per litre and diesel by 50 paise on Monday evening, the third reduction in rates this month following global cues.
Oil firms had last cut petrol price by Rs 1.27 a litre and diesel by Rs 1.17 per litre with effect from August 15.
Prior to that, rates of petrol were cut on August 1 by Rs 2.43 a litre and that of diesel by Rs 3.60.
“Since last price change, there has been a decrease in international prices of both petrol and diesel. However, Rupee-US Dollar exchange rate has depreciated during this period. The impact of both these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease,” IOC said in a statement.
Last month, the price of petrol was cut on July 1 by 31 paise per litre and diesel by 71 paise a litre. This was followed by a Rs 2 per litre cut in rates of both petrol and diesel, excluding local sales tax, from July 16.
“The movement of prices in international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,” IOC said.
नागपुर में लिफ्ट मांगकर युवक का अपहरण #nagpurnews #crime #kidnapping #latestnews #maharashtranews
मजदूर की मौत पर सड़क पर प्रदर्शन.. #nagpurnews #andolan #newsupdate #maharashtranews
पानीपुरी विक्रेता पर चाकू से जानलेवा हमला #nagpurnews #Crime #murder #criminal #LatestNews
मोरभवन बस स्टॉप पर चाकू लेकर हंगामा कर रहा आरोपी गिरफ्तार #nagpurnews...
नागपुर में वाहन चोर गिरोह का भंडाफोड़ #nagpurnews #crime #latestnews #accusedarrested #maharashtra
अहिल्यादेवी स्मारक में देरी पर आक्रोश #maharashtranews #latestnews #newsupdate #ahilyadeviholkar









