New Delhi: Petrol price was today hiked by 83 paisa a litre and diesel by Rs 1.26 per litre, the second increase in rates this month. Petrol in Delhi will cost Rs 63.02 per litre from Monday midnight , while a litre of diesel will cost Rs 51.67, said Indian Oil Corporation (IOC), the nation’s largest fuel retailer. Rates were last hiked by Rs 1.06 a litre on petrol and Rs 2.94 a litre on diesel on May 1.
“The current level of international product prices of petrol and diesel and the rupee-US Dollar exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” the IOC said.
State-owned fuel retailers revise rates of the fuel on 1st and 16th of every month. (PTI)
