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Petrol price hiked by Rs 1.29/litre, diesel up by 97 paise a litre

Petrol price hiked by Rs 1.29/litre, diesel up by 97 paise a litre

NEW DELHI, Jan 1 (IANS): Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) on Sunday hiked prices of petrol by Rs 1.29 a litre, and of diesel by 97 paise, both at Delhi and effective from midnight, with corresponding increases in other states.

"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 here.

Petrol per litre from Saturday will cost Rs 70.60 in Delhi, Rs 73.13 in Kolkata, Rs 76.91 in Mumbai and Rs 70.07 in Chennai.

Similarly, diesel will cost Rs 57.82 in Delhi, Rs 60.06 in Kolkata, Rs 63.61 in Mumbai and Rs 59.47 in Chennai.

Rates were last hiked on December 16, petrol by Rs 2.21 a litre, and diesel by Rs 1.79 paise, both in Delhi, with corresponding hikes in other states.

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