Indian Oil Corporation (IOC) on Saturday announced price hike in petrol and diesel sales across the country with effect from midnight of October 15/16.
While the selling price of petrol has been increased by ₹ 1.34 a litre (excluding state levies), the diesel prices have been raised by ₹2.37 a litre (excluding State levies), a company statement said.
The current level of International product prices of Petrol and diesel and INR-USD exchange rate warrant increase in selling price of these products, the impact of which is being passed on to the consumers with this price revision.
PTI reports:
After including local VAT, petrol will now cost Rs 66.05 a litre in Delhi from midnight tonight as against Rs 64.72 per litre currently. Diesel will cost Rs 55.26 per litre as against Rs 52.61 a litre at present.
The price of petrol was last hiked by 14 paise per litre and that of diesel by 10 paise a litre on October 5, following an increase in commission paid to dealers.
Prior to that petrol price had been hiked on three occasions while diesel price was cut by 8 paise a litre on October 1.