Ranking of intuitionsitic fuzzy number plays a vital role in decision making and other intuitionistic fuzzy applications. In this paper, we propose a new ranking method of intuitionistic fuzzy number based on distance measure. We first define a distance measure for interval numbers based on L p metric and further generalize the idea for intuitionistic fuzzy number by forming interval with their respective value and ambiguity indices. Finally, some comparative results are given in tabular form.