Bad News For Fuel Consumers Hike In Diesel and Petrol

Price of Petrol was today increased by Rs 1.29 per litre and price of Diesel was increased by Rs 0.97 per litre, w.e.f from midnight of January 1st/2nd.

“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.

The increase in rates announced by oil firms is excluding state levies and the actual hike will be higher. The actual hike after considering VAT would be Rs 1.66 a litre in Delhi for petrol and Rs 1.14 for diesel. The hike will be effective from midnight tonight.

Loading...