You are here: Home » News-IANS » Business-Economy
Business Standard

Petrol and diesel prices to go up

IANS  |  Mumbai 

In response to global prices and currency fluctuations, the three state-owned marketing companies (OMCs) have decided to increase the price of petrol and diesel from midnight Saturday.

According to the Indian Corporation (IOC), will be increased by Rs 0.89 per litre excluding state levies, whereas diesel would become expensive by Rs 0.86 per litre.

"The current level of international product prices of petrol and diesel 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," IOC said in a statement.

"The movement of prices in the international market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes."

The new prices of non-branded petrol in metros like New Delhi would come to Rs 67.62 per litre, Kolkata Rs 70.24, Mumbai Rs 74 and Chennai Rs 67.13.

The revised prices of non-branded diesel in New Delhi would come to Rs 56.41 per litre, Kolkata Rs 58.67, Mumbai Rs 62.15 and Chennai Rs 58.02.

On October 15, 2016, the three OMCs had decided to increase the price of petrol and diesel by Rs 1.34 per litre and Rs 2.37 per litre (excluding state levies) respectively.

--IANS

rv/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Petrol and diesel prices to go up

In response to global prices and currency fluctuations, the three state-owned oil marketing companies (OMCs) have decided to increase the price of petrol and diesel from midnight Saturday.

In response to global prices and currency fluctuations, the three state-owned marketing companies (OMCs) have decided to increase the price of petrol and diesel from midnight Saturday.

According to the Indian Corporation (IOC), will be increased by Rs 0.89 per litre excluding state levies, whereas diesel would become expensive by Rs 0.86 per litre.

"The current level of international product prices of petrol and diesel 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," IOC said in a statement.

"The movement of prices in the international market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes."

The new prices of non-branded petrol in metros like New Delhi would come to Rs 67.62 per litre, Kolkata Rs 70.24, Mumbai Rs 74 and Chennai Rs 67.13.

The revised prices of non-branded diesel in New Delhi would come to Rs 56.41 per litre, Kolkata Rs 58.67, Mumbai Rs 62.15 and Chennai Rs 58.02.

On October 15, 2016, the three OMCs had decided to increase the price of petrol and diesel by Rs 1.34 per litre and Rs 2.37 per litre (excluding state levies) respectively.

--IANS

rv/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Petrol and diesel prices to go up

In response to global prices and currency fluctuations, the three state-owned marketing companies (OMCs) have decided to increase the price of petrol and diesel from midnight Saturday.

According to the Indian Corporation (IOC), will be increased by Rs 0.89 per litre excluding state levies, whereas diesel would become expensive by Rs 0.86 per litre.

"The current level of international product prices of petrol and diesel 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," IOC said in a statement.

"The movement of prices in the international market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes."

The new prices of non-branded petrol in metros like New Delhi would come to Rs 67.62 per litre, Kolkata Rs 70.24, Mumbai Rs 74 and Chennai Rs 67.13.

The revised prices of non-branded diesel in New Delhi would come to Rs 56.41 per litre, Kolkata Rs 58.67, Mumbai Rs 62.15 and Chennai Rs 58.02.

On October 15, 2016, the three OMCs had decided to increase the price of petrol and diesel by Rs 1.34 per litre and Rs 2.37 per litre (excluding state levies) respectively.

--IANS

rv/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard