Petrol price was slashed by 32 paise per litre on Wednesday but diesel rates saw a hike of 28 paise a litre on global trends.
Petrol price was slashed by 32 paise per litre on Wednesday but diesel rates saw a hike of 28 paise a litre on global trends.
Petrol in Delhi will now cost Rs 59.63 per litre from Wednesday midnight as against Rs 59.95 a litre currently. A litre of diesel will cost Rs 44.96 a litre as compared to Rs 44.68 now, according to Indian Oil Corp (IOC).
This is the sixth straight reduction in price of petrol on softening international rates. But in case of diesel, the hike cut short a three-month declining trend.
Fuel rates were last revised on February 1 when petrol price was cut by a marginal 4 paise a litre and diesel by 3 paise a litre after the government raised excise duty to take away most of the benefit arising from fall in international oil prices.
“The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant decrease in price of petrol and increase in price of diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement.
