A hike in the prices of petrol came into being by 58 paisa per litre, whereas diesel price got depreciated by 31 paisa a litre.

Petrol will cost Rs64.05 a litre from Friday midnight as against Rs63.47.Similarly, diesel will cost Rs52.63 a litre as compared to Rs52.94 a litre.

This is the second increase in rates of petrol this month while in case of diesel it wipes away a part of the hike affected earlier this month.

Petrol price was last hiked on September 1 by a steep Rs3.38 per litre and diesel by Rs2.67 a litre.

“The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant increase in selling price of petrol and decrease in selling price of diesel, the impact of which is being passed on to the consumers with this price revision,” Indian Oil Corp, the nation’s largest fuel retailer, said.

The movement of prices in the international oil market and rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, it said in a statement.