A drop of roughly 60 paise in petrol and diesel prices has been called a "clerical error".

There was news of the government dropping petrol prices by roughly 60 paise after the rate climbed for 16 days straight. But the government described this a "clerical error" in updating fuel prices online.

A senior Indian Oil Corp (IOC) official stated, "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 price." Petrol and diesel in Mumbai are Rs 86.23 per litre and Rs 73.78 per litre, while in Delhi they now stand at Rs 78.42 per litre for petrol and Rs 69.30 per litre for diesel. Prices for petrol and diesel in India are currently at an all-time high.

The Reserve Bank’s rate-setting panel, the Monetary Policy Committee’s (MPC) three-day meet, which starts on June 4, will see a discussion on fuel prices. The MPC will meet for this duration to discuss “administrative exigencies”.

News You May Like

1,500th Safari Storme for the Indian Army rolls out
  • Published On : 27 August 2018
  • 1 min read

Tata Motors is contracted to supply 3,192 units of the GS800 Safari Storme 4x4 army-spec SUV to the Indian Armed Forces.

Read More

Jeep Compass Gets Over 10,000 Bookings
  • Published On : 5 September 2017
  • 1 min read

The company has ramped up production at its Ranjangaon plant to meet demand.

Read More