Petrol price hiked by 36 paise; diesel up 87 paise

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Petrol price has been hiked by 36 paisa a litre, while that of diesel by 87 paisa per litre in line with firming global rates.

This is the first hike in petrol price in five months and the third in diesel rates since October.

Petrol will cost `61.06 per litre from midnight tonight as against Rs60.70 a litre currently, said Indian Oil Corp, the nation's largest fuel retailer.

A litre of diesel will from Monday cost Rs46.80 as compared to Rs45.93 per litre currently.

“The current level of international product prices of petrol and diesel and Indian Rupee-US Dollar exchange rate warrant an increase in prices, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement here.

last time the price of petrol was on July 16 when rates were increased by 32 paisa.

Daily Pioneer
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