Petrol price hiked by Rs 1.23/litre, diesel by 89 paise


Team Udayavani, Jun 1, 2017, 9:09 AM IST

New Delhi: Petrol price was hiked by Rs 1.23 per litre and diesel by 89 paise a litre in sync with rising international fuel rates.

The increase in price, effective midnight tonight, comes on the back of a Rs 2.16 per litre cut in petrol and Rs 2.10 a litre reduction in diesel prices effected from May 16.

Petrol price in Delhi will cost Rs 66.91 per litre from tomorrow as against Rs 65.32 a litre currently. Similarly, a litre of diesel will be priced at Rs 55.94, as compared to Rs 54.90 at present.

Announcing the price hike, Indian Oil Corp (IOC), the nation’s largest fuel retailer, said the rates have been hiked excluding local state levies or VAT and actual increase will be higher depending on tax rate.

“The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease 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 INR-USD exchange rate will continue to be monitored closely and developing trends of the market will be reflected in future price changes, it said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Mangaluru: Two suspects wanted in separate cyber fraud cases arrested

C.T. Ravi released; BJP blasts Congress govt

Yunus, Sharif meet in Cairo, discuss settling 1971 issues “once and for all”

Derogatory word against minister: HC issues interim order for BJP MLC Ravi’s immediate release

RSS leader murder: SC issues notice on NIA’s plea against bail to PFI members

D-Street investors become poorer by Rs 18.43 lakh cr in 5 days of market crash

PM Modi condoles loss of lives in Rajasthan accident involving LPG tanker

Related Articles More

D-Street investors become poorer by Rs 18.43 lakh cr in 5 days of market crash

Bears tighten grip on markets; Sensex tanks 1,176 points, Nifty falls below 23,500 level

Number of gas leak incidents rose to 30 in 2023; maximum in Gujarat

GST Council to decide on cutting taxes on insurance premium tomorrow, rate rejig on host of items

Tata Consumer Products denies reports on exit of Starbucks from India

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Techie suicide case: Wife, mother and brother seek bail in Bengaluru Court

Mangaluru: Two suspects wanted in separate cyber fraud cases arrested

Abetment to Suicide Case: MCC Bank president Anil Lobo’s bail plea rejected

C.T. Ravi released; BJP blasts Congress govt

Bengaluru Traffic Police unveils new website with real-time traffic updates

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.