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Petrol price hiked by Rs 3.38/litre, diesel by Rs 2.67/litre

The hike will be effective from midnight tonight

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Shine Jacob New Delhi
Oil marketing companies increased prices of petrol by Rs 3.38 per litre and those of diesel by Rs 2.67 per litre from Wednesday midnight, following a steep increase of crude oil prices in the international market.

“During the current fortnight, crude oil prices in the international market have witnessed a steep increase of 13 per cent (over $5 per barrel) compared to previous fortnight, with a corresponding increase in international prices of petroleum products. The current level of international prices justify an increase in prices of petrol and diesel,” state-run Indian Oil Corporation said on Wednesday.  

The