New Delhi, (PTI) Petrol price was today hiked by 58 paisa
a litre while diesel rate was cut by 31 paisa per litre in line with
international trends.
Petrol will cost Rs 64.05 a litre from midnight tonight as against
Rs 63.47. Similarly, diesel will cost Rs 52.63 a litre as compared
to Rs 52.94 a litre.
This is the second increase in rates of petrol this month while
in case of diesel it wipes away a part of the hike effected earlier this month.
Petrol price was last hiked on September 1 by a steep Rs 3.38 per
litre and diesel by Rs 2.67 a litre.
"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 decrease in selling price of diesel, the impact
of which is being passed on to the consumers with this price revision,"
Indian Oil Corp, the nation's largest fuel retailer, said.
The movement of prices in the international oil market and rupee-USD
exchange rate shall continue to be monitored closely and developing
trends of the market will be reflected in future price changes, it
said in a statement.
