Home >Industry >Energy >Petrol price hiked by Rs1.34 per litre; diesel price up by Rs2.37
The price of petrol was last hiked by 14 paise per litre and that of diesel by 10 paise a litre on 5 October, following an increase in commission paid to dealers. Photo: Pradeep Gaur/Mint
The price of petrol was last hiked by 14 paise per litre and that of diesel by 10 paise a litre on 5 October, following an increase in commission paid to dealers. Photo: Pradeep Gaur/Mint

Petrol price hiked by Rs1.34 per litre; diesel price up by Rs2.37

Petrol will now cost `66.05 a litre in Delhi; diesel will cost `55.26 per litre

New Delhi: Petrol price was on Saturday hiked by 1.34 a litre, the fifth increase in two months, and diesel by 2.37 a litre on back of spike in global rates.

The hike announced by oil companies is excluding state levies. After including local VAT, petrol will now cost 66.05 a litre in Delhi from midnight as against 64.72 per litre currently. Diesel will cost 55.26 per litre as against 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 5 October, 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 1 October.

“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," Indian Oil Corp. (IOC) said in a statement.

The movement of prices in the international oil market and 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.

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