CORRECTED: IOC to cut diesel prices by 0.8 pct from Saturday | Reuters

(Corrects day in last paragraph to Saturday from Friday)

NEW DELHI Indian Oil Corp (IOC) (IOC.NS) will cut the price of diesel by 0.8 percent from Saturday and that of petrol by 3.5 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 (BPCL.NS) and Hindustan Petroleum Corp Ltd (HPCL.NS), tend to adjust retail prices of fuels in concert.

A litre of diesel will sell for 54.28 rupees in the Indian capital, New Delhi, while petrol will cost 62.51 rupees a litre from Saturday.

(Reporting by Sankalp Phartiyal, editing by David Evans)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jul 15, 2016 23:34 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'