New Delhi: A hike in the prices of transport fuel was announced by Indian Oil Corp (IOC). The hike has increased the petrol prices by Rs.3.07 a litre and diesel by Rs.1.90, both at Delhi. There will be a corresponding increase in other states as well.
The hardening of global crude oil rates led to the hike. The hike will be effective from Wednesday midnight, the company said.
“The current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in prices of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement here.
Petrol per litre from Thursday will cost Rs.59.68 in Delhi, Rs.63.76 in Kolkata, Rs.65.79 in Mumbai and Rs.59.13 in Chennai,
The price of diesel per litre will be Rs.48.33 in Delhi, Rs.50.75 in Kolkata, Rs.55.06 in Mumbai and Rs.49.09 in Chennai.
The petrol price was reduced by over Rs.3 a litre and raised diesel by Rs.1.50, a fortnight ago.
