Petrol price was hiked by ₹1.23 a litre and diesel by 89 paise a litre in sync with rising international rates.
The increase in price, effective midnight tonight, comes on the back of a Rs 2.16 per litre cut in petrol and Rs 2.10 a litre reduction in diesel prices effected from May 16.
Petrol in Delhi will cost ₹66.91 a litre from Thursday as against ₹65.32 a litre currently. A litre of diesel will cost ₹55.94 compared to ₹54.90 at present.
Announcing the price hike, Indian Oil Corp (IOC) said the rates have been hiked excluding local state levies or VAT and actual increase will be higher depending on tax rate.
