Petrol price up by 58 paise, diesel price down by 31 paise

Petrol price up by 58 paise, diesel price down by 31 paise:Petrol price up by 58 paise/litre, diesel down by 31 paise Petrol price was on Thursday hiked by 58 paise a litre while diesel rate was cut by 31 paise per litre in line with international trends.

Petrol will cost Rs. 64.05 a litre from Thursday midnight as against Rs. 63.47. Similarly, diesel will cost Rs. 52.63 a litre as against Rs 52.94 a litre. This is the second increase in rates of petrol this month while in case of diesel it wipes away a part of the hike effected earlier this month.

“The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant increase in selling price of petrol and decrease in selling price of diesel, the impact of which is being passed on to the consumers with this price revision,” Indian Oil Corp, the nation’s largest fuel retailer, said.

LAST HIKE IN AUGUST 
  • Making its previous fortnightly revision in fuel prices on August 31, the IOC had hiked prices of petrol by Rs 3.38 a litre and diesel by Rs 2.67 per litre effective both at Delhi, with corresponding increase in other states.
  • Petrol per litre from Friday will cost Rs 64.21 in Delhi, Rs 67.42 in Kolkata, Rs 69.13 in Mumbai and Rs 63.76 in Chennai.
  • Similarly, diesel per litre will cost Rs 52.59 in Delhi, Rs 54.89 in Kolkata, Rs 58.10 in Mumbai and Rs 54.06 in Chennai.
  • The Indian basket of crude oils closed trade on Wednesday at $44.44 a barrel as per official data.
Sources:
1.The Hindu
http://www.thehindu.com/news/national/petrol-price-up-by-58-paise-diesel-price-down-by-31-paise/article9112696.ece
2.Hindustan Times
http://www.hindustantimes.com/business-news/petrol-price-up-by-58-paisa-a-litre-diesel-cut-by-31-paisa/story-qDsPfvWu6lIjKPT846mfAI.html
3.India Today
http://indiatoday.intoday.in/story/petrol-diesel-prices/1/765494.html

{Keywords: Petrol price / diesel price / hike /crude oils / Indian Oil Corp / Delhi / Kolkata / Mumbai / Chennai}

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