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Petrol, Diesel To Cost Re 1 More

Our Corporate Bureau  |  BUSINESS STANDARD 

The state-owned oil companies have increased and diesel prices by around Re 1 per litre, with effect from Thursday midnight. The move comes in the wake of a $ 5 per barrel surge in global crude prices.

would cost Rs 29.93 per litre in Delhi as against the prevailing Rs 28.91 per litre, while diesel prices had been increased from Rs 18.06 a litre to Rs 19.07 a litre, official sources said here.

The hike comes close on the heels of an up to Rs 1.50 per litre cut in prices of and diesel, in two instalments, in November.

prices in Kolkata have been hiked by Rs 1.02 to Rs 31.44 per litre, while in Mumbai a litre of will now cost Rs 34.73 as against the prevailing Rs 33.63 per litre.

Chennai will see a Rs 1.10 per litre increase in prices to Rs 32.55. Diesel prices in Kolkata will increase from Rs 19.43 per litre to Rs 20.45 per litre.

In Mumbai, diesel prices will increase by Rs 1.21 per litre to Rs 24.24, while in Chennai it will rise from Rs 19.43 per litre to Rs 20.93 per litre. According to a release issued by the companies, the increase in other states will depend on the sales tax rates applicable in those states.

The average procurement cost of crude was $27.04 a barrel in December as against $23.90 per barrel in the second half of November.

It was $28.13 a barrel in the second half of December, based on which today

First Published: Fri, January 03 2003. 00:00 IST