Indian Oil Corp (IOC) will cut the price of diesel by 2.3 percent from Friday and that of gasoline by 1 percent, reflecting changes in global fuel prices. The retail price of diesel will be cut by 1.06 rupees ($0.016) a litre, the company said in a statement on Thursday. The retail price of gasoline will be reduced by 0.63 rupees a litre.
India's three state-controlled oil companies, IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd, tend to adjust retail prices for their fuels in concert. Following are the prices charged by IOC in India's capital Delhi. Prices of gasoline, diesel and kerosene are in rupees per litre, while subsidised prices of liquefied petroleum gas (LPG), used as a cooking fuel, are for 14.2-kg cylinders each.
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