Petrol and Diesel prices hiked again

The fuel rates were last revised on December 16.

Petrol and Diesel prices hiked again

Petrol price was hiked by Rs 1.29 a litre on Sunday. Diesel prices were also revised with an increase of 97 paise per litre. The new rates will be in effect from Sunday midnight.

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


Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise rates on 1st and 16th of every month based on average international price in the previous fortnight.

After adding VAT, Petrol costs Rs 71.13 a litre and a litre of diesel is priced at Rs 59.02 as opposed to Rs 57.82 earlier.

Earlier on Sunday, subsidised cooking gas prices were increased by Rs 2 and jet fuel rates were hiked by 8.6%.

The fuel rates were last revised on December 16.

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