Petrol hiked by Rs2.19/litre, diesel by 98 paise

The latest increase follows a stiffer hike of Rs3.07 a litre on petrol and Rs1.90 a litre in diesel rates effected on March 17

 

State-run Indian Oil Corp (IOC) hiked transport fuel rates from Tuesday, increasing petrol by Rs2.19 a litre and diesel by 98 paise -- both at Delhi, with corresponding increase in other states, on the back of a further hardening of global crude oil rates.
 
"The current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in prices of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a statement here.
 
Petrol per litre now costs Rs61.87 in Delhi, Rs65.48 in Kolkata, Rs67.96 in Mumbai and Rs61.32 in Chennai
 
The price of diesel per litre is Rs49.31 in Delhi, Rs51.58 in Kolkata, Rs56.09 in Mumbai and Rs50.09 in Chennai.
 
The latest increase follows a stiffer hike of Rs3.07 a litre on petrol and Rs1.90 a litre in diesel rates effected on March 17.
 
The Indian basket of crude oils, composed of 73% sour grade Dubai and Oman crudes and the rest by sweet grade UK Brent, closed trade on Friday at $36.58 a barrel of 159 litres as per official data, after having fallen to around $25 earlier in the year.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 
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