Petrol price hiked by Rs 1.29 per litre, diesel by 97 paise

Indian Oil Corporation, Bharat Petroleum Corp and Hindustan Petroleum Corp revise the fuel rates on the 1st and 16th of every month based on the average international price in the previous fortnight

Petrol price hiked by Rs 1.29 per litre, diesel by 97 paise

The price of petrol 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 increase in rates announced by oil firms is excluding state levies and the actual hike will be higher.

"The current level of international product prices of petrol and diesel and the INR-USD 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 release.


After today’s hike, petrol in Delhi will now cost Rs 70.60 a litre from tomorrow as compared to Rs 68.94 currently. Similarly, a litre of diesel will from Monday cost Rs 57.82, up from Rs 56.68.

Indian Oil Corporation, Bharat Petroleum Corp and Hindustan Petroleum Corp revise the fuel rates on the 1st and 16th of every month based on the average international price in the previous fortnight. The fuel rates were last revised on December 16.