Fuel price respite of mere one paisa; IOC website earlier termed it to be one rupee

masses may have hoped that the petrol, diesel price cut finally may have begun but it turned out to be an error in the official website of Indian Oil Corporation (IOCL) after all

Even as the media began reporting it to be respite despite it being too late too little, the news turned out to be something else.

The masses may have hoped that the petrol, diesel price cut finally may have begun but it turned out to be an error in the official website of Indian Oil Corporation (IOCL) after all.

It so happened that petrol and diesel prices were actually cut by 1 paisa per litre each in the capital city of
Delhi on Wednesday instead of a bigger cut that was reported earlier by India’s largest fuel retailer.

The website reported that petrol and diesel prices had gone down by 60 paise and 56 paise per litre respectively.

This was taken up prominently as this was the first time in 16 days that prices have been cut since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates.

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