Petrol, diesel prices go up marginally

May 17, 2016 01:31 am | Updated 01:31 am IST - New Delhi:

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.

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.