Indian Oil Corp (IOC)
will cut the price of diesel by 3.7 percent from Monday and that
of gasoline by 2.3 percent, reflecting changes in global fuel
prices, the company said in a statement.
India’s three state-run oil companies, IOC, Bharat Petroleum
Corp Ltd and Hindustan Petroleum Corp Ltd,
tend to adjust retail prices of fuel in concert.
A litre of diesel will sell for 52.27 rupees in the Indian
capital, New Delhi, while gasoline will cost 61.09 rupees a
litre from Monday.
(Reporting by Devidutta Tripathy; Editing by Alison Williams)
The article India's IOC to cut diesel prices by 3.7 pct from Monday was originally published at Reuters - US Energy.