Petrol prices reduce by 40 paise, diesel by 30 on 11th consecutive day
Authored By Wion Web Desk
Published: Jun 09, 2018, 04:50 IST | Updated: Jun 09, 2018, 04:50 IST
Petrol
Story highlights
The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors
The prices of petrol and diesel fell again on Saturday making it the eleventh consecutive downfall in the price.
While the prices of petrol reduced by40 paise per litre, that of diesel lowered by30 paise per litre.
The price of the petrol and diesel is being monitored by the state-run oil marketing companies.
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The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors.
There has been a consistentreduction in the price of petrol and diesel afterthe government faced a severe backlash from the opposition for failing to control the rising price.
The consecutive increase in the prices since May 2014 had led to an increase in the price of petrol by Rs 3.55 per litre and diesel by Rs 2.78.
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