For the third time since last month, the prices of Petrol and Diesel have shot up as they have now been hiked by 5 paise per litre, and Rs 1.26 respectively.
The Indian Oil Corporation Limited. has decided to effect the following price changes with effect from midnight on Wednesday.
With this change, the petrol price in Delhi will become Rs. 65.65/litre and diesel will become Rs. 55.19/litre.
The current level of international prices of petrol and diesel and Rupee-Dollar exchange rate warrant the decrease in petrol price and the increase in diesel price. The impact of which is being passed on to the consumers with this price revision.
Petrol and Diesel prices had been hiked last on May 16 and May 31.
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