Tuesday, State-run Indian Oil Corp (IOC) rose transport fuel rates, increasing petrol by Rs.2.19 a litre and diesel by 98 paise -- both at Delhi, with corresponding increase in other states, on the back of a further hardening of global crude oil rates.
IOC said in a statement "The current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in prices of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,"
Petrol per litre now costs Rs.61.87 in Delhi, Rs.65.48 in Kolkata, Rs.67.96 in Mumbai and Rs.61.32 in Chennai.
The price of diesel per litre is Rs.49.31 in Delhi, Rs.51.58 in Kolkata, Rs.56.09 in Mumbai and Rs.50.09 in Chennai.
The latest increase follows a stiffer hike of Rs.3.07 a litre on petrol and Rs.1.90 a litre in diesel rates effected on March 17.