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 retail (consumer) selling prices of petrol and diesel were reduced on four occasions in the past two months on the back of decreasing international oil prices. As a result, prices in Delhi were reduced by Rs 5.56 per litre for petrol and by Rs 4.92 per litre for diesel during the period. Following the current increase, the price of petrol in Delhi will become Rs 63.47 a litre and that of diesel will become Rs 52.94 a litre.
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