Indian Oil reduces petrol and diesel prices in Lakshadweep by up to Rs 15.3 per litre, marking the sharpest fuel price cut in India.

Indian Oil has slashed petrol and diesel prices in Lakshadweep by up to Rs 15.3 per litre, marking the sharpest fuel price cut ever in the country. The move comes after Indian Oil removed a cost element of Rs 6.9 per litre charged for the last three years towards recovery of capital expenditure on infrastructure at Kavaratti and Minicoy for transporting and distributing fuel to the remote islands as well as low or unviable volumes. The price cuts amount to Rs 15.3 per litre for Andrott and Kalpeni islands and Rs 5.2 per litre for Kavaratti and Minicoy. The reduced rates are effective from March 16.

March 16, 2024
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