TMCnet News
India : Diesel (Retail) Price Change w.e.f midnight of 18/19 Oct'14 [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) On 18.10.14, the Government has decided to make the price of Diesel market determined at both Retail and Refinery Gate level for all consumers wef midnight of 18/19th Oct14. Henceforth, Oil Marketing Companies (OMCs) are free to determine selling prices of the product in the domestic market. The International oil prices have been on a steady and steep decline in the last few weeks. The falling international prices of Diesel warrant a decrease in selling price of Diesel in the domestic market. Thus a downward revision in selling price of Diesel is being effected w.e.f midnight of 18/19th Oct'14. With this price revision, RSP at Delhi of Diesel shall decrease by Rs 3.37/litre (including VAT), with corresponding decrease in other States. The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes in Diesel prices. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |