Indian Oil blames ‘clerical error’, says fuel prices cut by 1 paise, not 60p

New Delhi: Fuel prices in the country dropped by a paisa on Wednesday. Petrol in Delhi now costs ₹78.42 per litre and diesel ₹69.30.

State-owned oil companies on Wednesday morning announced reduction in petrol price by 60 paise to ₹77.83 a litre and diesel by 56 paise to ₹68.75 in Delhi. Within hours of the announcement, they revised the cut to just 1 paisa a litre each. They attributed the wrong announcement to a ‘clerical error’.

“The reduction was supposed to be 1 paisa but due to a clerical error the price prevalent on May 25 was communicated as today’s (Wednesday) price,” a senior official of Indian Oil Corp (IOC), the nation’s largest fuel retailer, explained.

The marginal reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates.

In all, petrol price was increased ₹3.8 per litre and diesel by ₹3.38 in that fortnight.

Prices vary from state to state depending on local sales tax or VAT. Delhi has the cheapest price among all metros and most state capitals.


[one_third]City [/one_third][one_third]Petrol cost[/one_third][one_third_last]Diesel Cost[/one_third_last]

[one_third]Delhi [/one_third][one_third]78.42[/one_third][one_third_last]69.30[/one_third_last]

[one_third]Kolkata [/one_third][one_third]81.05[/one_third][one_third_last]71.85[/one_third_last]

[one_third]Mumbai [/one_third][one_third]86.23[/one_third][one_third_last]73.78[/one_third_last]

[one_third]Chennai [/one_third][one_third]81.42 [/one_third][one_third_last]73.17[/one_third_last]


*Prices may vary from Outlet to Outlet within a city.

(With inputs from PTI)