PLSQL :NEW and :OLD

You normally use the terms in a trigger using :old to reference the old value and :new to reference the new value.

Here is an example from the Oracle documentation linked to above

CREATE OR REPLACE TRIGGER Print_salary_changes
  BEFORE DELETE OR INSERT OR UPDATE ON Emp_tab
  FOR EACH ROW
WHEN (new.Empno > 0)
DECLARE
    sal_diff number;
BEGIN
    sal_diff  := :new.sal  - :old.sal;
    dbms_output.put('Old salary: ' || :old.sal);
    dbms_output.put('  New salary: ' || :new.sal);
    dbms_output.put_line('  Difference ' || sal_diff);
END;

In this example the trigger fires BEFORE DELETE OR INSERT OR UPDATE :old.sal will contain the salary prior to the trigger firing and :new.sal will contain the new value.

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