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Petrol price hiked by Rs 2.19, diesel by 98 paise; Delhi rate now Rs 61.87 per ltr, diesel Rs 49.31 per ltr

Tue April 05 2016, 10:13 am
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    Petrol price hiked by Rs 2.58 per litre, diesel by Rs 2.26 per litre: Petrol prices were hiked by Rs 2.58 per litre and diesel by Rs 2.26 per litre by Oil marketing companies, with effect in Delhi from Tuesday midnight. This move is sure to pinch consumers’ budget. With this change, the price of petrol in the national capital will be Rs 65.60 per litre (including State levies), while one litre diesel will cost Rs 53.93. The prices will be revised correspondingly in other states as well. “The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” said Indian Oil Corp (IOC). (AP)

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    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. (AP)

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    After discounting the April 16 reduction, petrol prices have jumped by Rs 8.99 per litre since mid-March and diesel by Rs 9.79 per litre. (Photo: AP)

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    Earlier, on March 16 last, petrol price was hiked by as much as Rs 3.07 a litre, reversing its 3-month declining trend, while diesel rates had gone up by Rs 1.90 per litre.Thereafter, petrol in Delhi was priced at Rs 59.68 per litre as against the previous Rs 56.61. Diesel price too soared to Rs 48.33 compared with Rs 46.43 a litre previously. (AP)

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