Petrol price cut by 75 paise a litre; diesel hike put off

Mar 31 2014, 21:21 IST
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In Mumbai, the Petrol will cost Rs 80.89 a litre against Rs 82.07 currently. (AP) In Mumbai, the Petrol will cost Rs 80.89 a litre against Rs 82.07 currently. (AP)
SummaryPetrol price was last cut on Nov 1, when it was reduced by Rs 1.15 per litre.

the month.

"During 2013-14, IOC has suffered an under-recovery on sale of three sensitive products of around Rs 73,000 crore (industry around Rs 1,41,000 crore)," the statement said. The movement of prices in the international oil market and the rupee-US dollar exchange rate are being monitored closely and developing trends will be reflected in future price changes, IOC added.

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