Fuel prices cut 1 paisa, not 60 paisa; Indian Oil blames it on 'clerical error'

WION Web Team
New Delhi, Delhi, India Updated: May 30, 2018, 03:01 PM(IST)

Prices are set to be raised further given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of other items and lead to inflationary pressure and hurt growth. It will have a cascading effect on the prices of other items. Photograph:( AFP )

Story highlights

On Tuesday petrol price in Delhi had climbed to Rs 78.43 a litre.

Just hours after annoucing cut in fuel prices, Indian Oil Corporation said the revised  price was actually 1 paisa and not 60 paisa as previously reported blaming it on "clerical error"

On Wednesday morning, Indian Oil had declared that they had cut oil prices in the country after sixteen consecutive days of high prices which had angered everyone.

As a result petrol prices have now have been revised down by just 1 paisa and not 60 paisa in Delhi & 59 paisa in Mumbai.

Diesel prices also went down by just 1 paisa instead of 56 paise in Delhi and 59 paise in Mumbai.

On Tuesday petrol price in Delhi had climbed to Rs 78.43 a litre.

Mumbai, Chennai and Kolkata also witnessed petrol prices breaking the Rs 80+ mark at Rs 86.24, Rs 81.43 and Rs 81.06 respectively.  

 

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