Petrol, diesel prices hiked from midnight

April 16, 2017 08:20

The price of petrol was hiked on Saturday night by Rs 1.39 per litre and of diesel by Rs 1.04 a litre in sync with firming international rates.

The hike comes on the 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), the nation's largest fuel retailer, said the price of petrol was 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.

The actual increase in price will be more after taking into account local VAT.

Petrol in Delhi 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.

The movement of prices in the international oil market and the INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, it said.

IOC also said it intends to shortly start daily changes in price of petrol and diesel on pilot basis, in Udaipur, Jamshedpur, Pondicherry, Chandigarh and Vizag.

« Back to LIVE

TOP STORIES

Indian-origin student arrested for taking part in anti-Israel protests in US

Achinthya Sivalingam, born in Coimbatore and raised in Columbus, has been barred from the campus and faces disciplinary action, said a university spokesperson.

Laapataa Ladies Found On OTT!

From Vijay Devarakonda to Kung Fu Panda, Sukanya Verma lists everything you can watch on OTT this week.

'My husband slapped me'

rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate life's problems.

SC rejects pleas on 100% EVM-VVPAT verification, paper ballot voting

Pronouncing the judgement, Justice Khanna said the court has rejected all the petitions, including those seeking resorting back to ballot papers in elections.

Above-normal monsoon likely to ease food prices: FinMin

With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign...