New Delhi, January 02: Prices for petrol and diesel once again increased on Sunday. Like to tell you that, this is the third consecutive increase in the prices of petrol and diesel within a month. Price of petrol is hiked by Rs 1.29 paise per litre whereas diesel prices increased by 97 paise per litre, excluding local taxes.
The actual hike after considering VAT would be Rs 1.66 a litre in Delhi for petrol and Rs 1.14 for diesel. The hike came in effective from midnight Monday. After this hike, petrol in Delhi will now cost Rs 70.60 a litre as compared to Rs 68.94 currently. Similarly, a litre of diesel will from Monday cost Rs 57.82, up from Rs 56.68.
"The current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a release here.
Prior to this price change, Petrol price was on December 17 hiked by Rs 2.21 a litre and diesel by Rs 1.79 per litre, excluding local levies. The actual hike after considering VAT came to Rs 2.84 per litre in Delhi for petrol and Rs 2.11 for diesel.