Petrol price has been reduced by 32 paise a litre, while that of diesel increased by 28 paise a litre.
PSUs oil cos review fuel prices on the 15th and the last day of every month to align local prices with international rates and adjust for foreign exchanges. But this time, the price review was delayed by two days. IOC, the nation's largest fuel retailer, did not offer any reason for the delay. The movement of prices in the international oil market and the exchange rate will continue to be monitored closely and developing trends of the market will be reflected in future price changes, the company said.
PSUs oil cos review fuel prices on the 15th and the last day of every month to align local prices with international rates and adjust for foreign exchanges. But this time, the price review was delayed by two days. IOC, the nation's largest fuel retailer, did not offer any reason for the delay. The movement of prices in the international oil market and the exchange rate will continue to be monitored closely and developing trends of the market will be reflected in future price changes, the company said.
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