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Indian Oil Corporation has hiked the price of petrol and diesel by 36 paise/litre and 87 paise/litre (including State levies), respectively, from midnight of November 15/16. With this hike, petrol in Delhi will now cost Rs 61.06/litre, while diesel will come at Rs 46.80/litre.
The current level of international product prices of petrol and diesel and rupee-dollar exchange rate warrant an increase in prices, the impact of which is being passed on to the consumers with this price revision, Indian Oil said in a release.
The public sector oil marketing company said it would continue to closely monitor the movement of prices in the international oil market as well as the rupee-dollar exchange rate. The developing trends would be reflected in future price changes, it added.
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