Petrol price was hiked by 83 paise a litre and diesel by Rs. 1.26 per litre on Monday, the second increase in rates this month.
Petrol in Delhi will cost Rs. 63.02 per litre from midnight on Monday night, while a litre of diesel will cost Rs. 51.67, the Indian Oil Corporation said in a statement.
Rates were last hiked by Rs. 1.06 a litre on petrol and Rs. 2.94 diesel on May 1.
Global prices “The current level of international product prices of petrol and diesel and the rupee-U.S. 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,” the Indian Oil Corporation said.
“The movement of prices in the international oil market and the rupee-dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,” the company said.