1. Petrol price hiked by Rs 2.19/ltr, diesel by 98/p; effective midnight

Petrol price hiked by Rs 2.19/ltr, diesel by 98/p; effective midnight

Petrol price was hiked by Rs 2.19 a litre and diesel by 98 paise per litre by the oil marketing companies today and this will be effective from tonight.

By: | New Delhi | Updated: April 5, 2016 12:01 AM
petrol price hike, petrol price in delhi, petrol price in mumbai, petrol rate, petrol rate in delhi, diesel price hike, diesel price in delhi, diesel price in mumbai, diesel rate, diesel rate in Delhi Petrol, diesel price hike: “The current level of international product prices of petrol and diesel and the rupee-US dollar exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to consumers with this price revision,” IOC said in a statement.

Petrol price was today hiked by Rs 2.19 a litre and diesel by 98 paise per litre. Petrol in Delhi will cost Rs 61.87 per litre from the mid-night tonight as against Rs 59.68 currently, said Indian Oil Corporation, the nation’s biggest fuel retailer.

Similarly, a litre of diesel will cost Rs 49.31 compared with Rs 48.33 at present.

The hike comes on the back of a steep Rs 3.07 a litre increase on March 17 and a Rs 1.90 a litre hike in diesel rates.

While this is the second straight increase in petrol price, this is the fourth straight fortnightly increase in diesel rates. The three hikes in diesel rates since February 16 total Rs 3.65 per litre.

“The current level of international product prices of petrol and diesel and the rupee-US dollar exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to consumers with this price revision,” IOC said in a statement.

State-owned fuel retailers IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) revise rates of the fuel on 1st and 16th of every month based on the average oil price and the foreign exchange rate in the preceding fortnight.

The revision was due last week, but the retailers chose to defer it by a day.

“The movement of prices in the international oil market and the rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,” IOC added.

 

Tags: DieselPetrol
  1. B
    Bv subash
    Apr 4, 2016 at 5:15 pm
    What is this reporting. Everyone knows the price was revised at various occasions. we would like to know from the media why the change in price. Please report in . not general comments.
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      Abhishek dey
      Apr 4, 2016 at 6:45 pm
      Change as many goverments. But petrol prices are always gonna drink our blood. When the prices in other countries are way to less then why not in india? Corrupted india. Petrol price with tax comes upto approx 40rs this amount is also more then where is d rest 20rs going? In whose pocket?i know nobody can answer for this. Ache din aa e. Corruption all over
      Reply
      1. Y
        Yusuf
        Apr 4, 2016 at 6:40 pm
        Very good modi sarkaar... When petrol rates dropped... Finance minister increased service tax on petrol... Nw when itz increasing why dont he remove extra service tax... This is acche din... Just fooling ppl around... Itz true chai wala cnt understand economics of country....
        Reply
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          Bhushan
          Apr 5, 2016 at 12:41 am
          Modi kuch nahi kar sakta he is bol bacchan, price reduce hu e to bhi daily necessary k dam kaha gire? This is d last pm of our nation, Jo chahe to public ka bhala karsak ta hai, baki Cong mai to mam ko kuch patanahi, n bacha hai vo special child category ka hai. He comes in reservation quota.
          Reply
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            Bokhtiyar
            Apr 5, 2016 at 2:21 am
            At first I was impressed with Modi that he would surely bring some changes.....moreover he said all the black money of Indian would sure return to its homeland......I would personally recommend to Mr. Narendra Damodar Modi that if you gonna bring any changes be on it soon....coz sir its 4G running now....so we the natives wants exclusive and initiate steps....to be taken to tge developement of the country....moreover when there was a Price fall of petrol in the country your Leaders said its your capability and now when there is a hike in the price of petrol how can it be your disability
            Reply
            1. G
              gk
              Apr 4, 2016 at 5:56 pm
              This is strategy of modi govt. On delivering ache din, when international price will be hiked it will be ped to consumers and when it will be lowered ,benefit will be consumed by govt, haina ache din? Stupid countrymen changed c party by another c party.
              Reply
              1. P
                praveen
                Apr 4, 2016 at 7:25 pm
                Tnk its use full fo proffional bike stunt riderz tnk a lot
                Reply
                1. Krishnan Chundharan Krishnan
                  Apr 5, 2016 at 12:30 am
                  Petrol/diesel price is changing weekly ? Stable price level at least for 6 months will be the better way....
                  Reply
                  1. Ramachandra Rao
                    Apr 4, 2016 at 6:00 pm
                    achche din ane wala
                    Reply
                    1. P
                      philip
                      Apr 4, 2016 at 5:12 pm
                      Its pure exploitation of common man and middle cl were the politicians mla , mp , ministers all don't want to pay any tax for their pension.. When a person earning above 2.5lakhs has to pay income tax, the services tax 16.5% and all other taxes named after each party rules... Decreasing all investment interests.. Fiis are making money from our market.. Persons like mallya live like noone will ask m. When we are paying interest and emis.. Default charges and all tensions from day to day life.. This is democracy... Thnks to us bcz we all voted for this scenario...
                      Reply
                      1. I
                        Iyer
                        Apr 5, 2016 at 4:06 am
                        The reason given by IOC for increasing the price of Petrol is totally false. The international price for crude has not risen, but is rather marginally fallen and the exchange rate of USD has also fallen to close to 66.15. By raising the price like this together with the new levies imposed by both Central and State Governments in the name of collecting cost for constructing highways for we the citizen of India has defeated the very purpose of petrol de-control. Also, we the citizen are suffering both ways. We fund the construction of highways through these Central and State levies in Petrol and Diesel as also pay through our tax contributions. Once these Highways are constructed, both Central and State Governments auction the usage to private contractors for collecting heavy toll on their usage. Why should we bear the cost as also pay for the usage of our own highways...
                        Reply
                        1. S
                          swapnesh
                          Apr 5, 2016 at 3:29 am
                          modiji, the common man who given you the power is watching. only this loot by you and corporates is enough for your big defeat ahead!! good luck. catch you in the next election!!!
                          Reply
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                            TULSIDAS
                            Apr 4, 2016 at 7:04 pm
                            Ache din aa rahe hai..bura din jald SE nahi jata..kyoki aache din Lane wale bhi chahiye..Ache SE rahne ke liye ye saf-safai karna jaruri hai..Jo karne ke liye kharcha bhugatna hoga..jab bure din ke liye bhugat hi rahe the..ye to ache din ke liye hai, welcome karo .
                            Reply
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