New Delhi | Petrol price was Tuesday hiked by Rs 2.58 a litre and diesel by Rs 2.26 per litre, the second increase in rates in May. Petrol will cost Rs 65.60 per litre in Delhi after the increase while diesel will cost Rs 53.93/litre. Prices were last hiked on May 17.
The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision, said Indian Oil Corp (IOC). 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, it added.
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