Petrol price was hiked by Rs. 1.29 a litre and the diesel rate by 97 paise a litre on Sunday.
Also, aviation turbine fuel (ATF) price was hiked by a steep 8.6 per cent and subsidised LPG rate raised by Rs. 2 per cylinder.
The increase in petrol and diesel rates is excluding State levies and the actual hike will be higher. This is the third increase in petrol price in one month and the second in case of diesel in one fortnight.
After Sunday’s hike, petrol in Delhi will now cost Rs. 70.60 a litre as compared to Rs. 68.94 currently. Similarly, a litre of diesel will cost Rs. 57.82, up from Rs. 56.68.
“The current level of international product prices of petrol and diesel and Rupee-dollar exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers,” IOC said in a statement.
Steep hike in jet fuel price
ATF or jet fuel price was hiked by Rs. 4,161 per kilolitre (kl), or 8.6 per cent, to Rs. 52,540.63 a kilolitre in Delhi. The latest hike comes after a 3.7 per cent cut in rates last month.
With an increase of Rs.2 per 14.2-kilogram cylinder, subsidised LPG will now cost Rs.434.71 a bottle against Rs. 432.71 previously. This is the 8th increase in prices since July when the government decided to go in for small hikes of up to Rs. 2 a bottle every month to cut down its subsidy outgo.
