Shares of Indian Oil Corporation Ltd. climbed as much as 1.8 percent, after it cut diesel price by Rs 0.49 per litre, and diesel price by Rs 0.89 per litre.
The current level of international product prices of petrol and diesel, and INR-USD exchange rate warrant a decrease in the selling prices of both Petrol and Diesel.Indian Oil Corporation Statement
Indian Oil raised Jet fuel prices in Delhi by 5.5 percent. Jet fuel price for domestic carriers is now Rs 49,287.18 per kilo litre, according to the company’s announcement on its website.
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