Sunday, Dec 04, 2022

Petrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 per litre effective midnight

The increase was warranted because of a rise in international gasoline (petrol) price to USD 62.82 per barrel from USD 57.43 and that of diesel to USD 60.97 from USD 56.79.

Petrol price hike, Diesel price hike, Petrol price hike today, Petrol prices, Petrol Diesel price hike today The increased prices, which are effective from midnight, exclude charges levied by each state.

Amid continuing cash crunch, the government on Friday hiked the prices of petrol and diesel by Rs 2.21 per litre and Rs 1.79 a litre respectively. The increased prices, which are effective from midnight, exclude charges levied by each state. This comes hours after oil companies deferred a planned Rs 2.26 a litre hike in petrol and Rs 1.78 increase in diesel Friday morning.

The increase was warranted because of a rise in international gasoline (petrol) price to USD 62.82 per barrel from USD 57.43 and that of diesel to USD 60.97 from USD 56.79. Petrol in Delhi currently costs Rs 66.10 a litre and diesel Rs 54.57. Rates were last revised on December 1 when petrol price was hiked by a marginal 13 paise a litre, but diesel rates were cut by 12 paise.

Industry sources had predicted that the deferment may be for a day or two as Parliament is in session and any hike would have added to the discomfort for the government, particularly when it is facing heat over hardships caused by currency demonetisation, the Press Trust of India reported.

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First published on: 16-12-2016 at 09:02:48 pm
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