Petrol price hiked by Rs. 3.13 a litre, diesel by Rs. 2.71 per litre, with effect from midnight tonight
Petrol prices were on Friday raised by Rs 3.13 a litre and diesel by Rs 2.71 per litre. This is the second hike in 15 days as the last hike was announced on April 30 this year.
The increase in petrol and diesel prices will be effective from midnight tonight.
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight The price of petrol has been cumulatively cut by Rs 17.11 a litre in 10 reductions between August and February while that of diesel has been lowered by Rs 12.96 a litre in 6 reductions between October and February.
After two rates hikes (0.82 a litre in petrol and Rs 0.61 per litre in diesel on February 16, and Rs 3.18 per litre in petrol and Rs 3.09 a litre in diesel on March 1), rates were again cut on April 2 (49 paise a litre in petrol and Rs 1.21 in diesel) and then on April 16 (80 paise per litre on petrol and Rs 1.30 a litre on diesel).
Petrol prices were on Friday raised by Rs 3.13 a litre and diesel by Rs 2.71 per litre. This is the second hike in 15 days as the last hike was announced on April 30 this year.
The increase in petrol and diesel prices will be effective from midnight tonight.
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight The price of petrol has been cumulatively cut by Rs 17.11 a litre in 10 reductions between August and February while that of diesel has been lowered by Rs 12.96 a litre in 6 reductions between October and February.
After two rates hikes (0.82 a litre in petrol and Rs 0.61 per litre in diesel on February 16, and Rs 3.18 per litre in petrol and Rs 3.09 a litre in diesel on March 1), rates were again cut on April 2 (49 paise a litre in petrol and Rs 1.21 in diesel) and then on April 16 (80 paise per litre on petrol and Rs 1.30 a litre on diesel).
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