1. Petrol prices hiked by Rs 3.96 a litre, diesel Rs 2.37

Petrol prices hiked by Rs 3.96 a litre, diesel Rs 2.37

Prices of petrol in Delhi will be Rs 63.16 a litre from tomorrow as against the current Rs 59.20; while diesel will cost Rs 49.57 per litre as against Rs 47.20.

By: | Updated: April 30, 2015 10:32 PM
Petrol prices hike in Delhi

After two rounds of cuts, petrol prices were today raised by Rs 3.96 per litre and diesel by Rs 2.37 a litre, tracking global cues. (PTI)

After two rounds of cuts, petrol prices were today raised by Rs 3.96 per litre and diesel by Rs 2.37 a litre, tracking global cues.

The increase in petrol and diesel prices will be effective from midnight tonight.

Prices of petrol in Delhi will be Rs 63.16 a litre from tomorrow as against the current Rs 59.20; while diesel will cost Rs 49.57 per litre as against Rs 47.20, Indian Oil Corp (IOC), the nation’s largest oil company, said.

Rates were last cut by 80 paise per litre on petrol and Rs 1.30 a litre on diesel from April 16. This followed a reduction of 49 paisa a litre in the price of petrol and Rs 1.21 in diesel from April 2.

Petrol prices had been cumulatively cut by Rs 17.11 a litre in 10 reductions between August and February and diesel by Rs 12.96 a litre in 6 reductions between October and February. The rates were increased by 0.82 a litre in petrol and Rs 0.61 per litre in diesel on February 16, and by Rs 3.18 per litre in petrol and Rs 3.09 a litre in diesel on March 1.

After these, rates had been cut twice.

State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.

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

For Updates Check Economy News; follow us on Facebook and Twitter

Get latest news and updates on Auto Expo 2018, check breaking news on Budget 2018, like us on Facebook and follow us on Twitter.

  1. S
    srinu
    May 1, 2015 at 1:07 am
    international market crude down from $111 to $60 , while indian has to pay Rs 66 to 70 in Hyderabad.. too ..bad
    Reply

    Go to Top