The price of Petrol was hiked by Rs 1 point 39 per litre and diesel by Rs 1 point 04 a litre excluding state levies with effect from midnight tonight. <br/><br/>Actual increase in price will be more after taking into account local VAT. Petrol in Delhi currently costs Rs 66 point 29 a litre while a litre of diesel is priced at Rs 55 point 61. <br/><br/>The hike came on back of a Rs 4 point 85 per litre reduction in rates of petrol and Rs 3 point 41 a litre in diesel effected from April 1. <br/><br/>Nation's largest fuel retailer Indian Oil Corporation said in a statement that the current level of international fuel product prices 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.
News On AIR | April 16, 2017 8:00 AM
Petrol price hiked by Rs 1.39 per litre, diesel by Rs 1.04