Petrol price hiked by 70 paise per litre, diesel by 50 paise
Petrol prices were hiked by Rs 1.55 a litre on July 14
 "Petrol price hiked by 70 paise per litre, diesel by 50 paise")
Petrol and diesel will cost 70 and 50 paise more per litre, excluding taxes, from midnight Wednesday, state-run Indian Oil Corporation (IOC) announced.
It said the depreciation of the rupee and hardening of crude prices in the international market had necessitated the hike.