Petrol, diesel prices to go up from Thursday
Written by : IANS | Wed, May 31, 2017, 11:47 PM
New Delhi, May: 31 Petrol price will be costlier by Rs 1.23 per liter, while diesel price per liter will be higher by 89 paise excluding state levies from Thursday, the Indian Oil Corporation announced on Wednesday.
Prices of the two main transportation fuels were last hiked on May 1, when petrol price was increased by 1 paise per liter, while that of diesel was raise by 44 paise a liter.
"The current level of international product prices of petrol and diesel and INR-USD (Indian rupee-US dollar) 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," the oil marketing company said in a statement.
"The movement of prices in the international oil 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."