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Petrol & Diesel prices hiked again!

The price of petrol was hiked by Rs 1.39 and diesel by Rs 1.04 per litre on Saturday night.

The hike comes the on back of a Rs 4.85 per litre reduction in rates of petrol and Rs 3.41 a litre in diesel effected from April 1.

Indian Oil Corp (IOC) said price of petrol is being increased by Rs 1.39 per litre, excluding state levies, and that of diesel by Rs 1.04 (excluding state levies) with effect from midnight.

Taking into account local VAT the price will increase a litlle more.In Delhi Petrol currently costs Rs 66.29 a litre while a litre of diesel is priced at Rs 55.61.

“The current level of international product prices of petrol and diesel and 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 statement.

Source:Deccan Chronicle