Zee Media Bureau
New Delhi: Petrol price was hiked by Rs 3.13 and diesel price by Rs 2.71 per litre on Friday.
The increase in petrol and diesel prices will be effective from midnight tonight (Friday).
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.
Prices of petrol in Delhi will be Rs 66.29 a litre as against the current Rs 63.16; while diesel will cost Rs 52.28 per litre as against Rs 49.57.
After two rounds of cuts, petrol prices were on April 30 raised by Rs 3.96 per litre and diesel by Rs 2.37 a litre, tracking global cues.
Petrol prices had been cumulatively cut by Rs 17.11 a litre in 10 reductions between August and February and diesel by Rs 12.96 a litre in 6 reductions between October and February. The rates were increased by 0.82 a litre in petrol and Rs 0.61 per litre in diesel on February 16, and by Rs 3.18 per litre in petrol and Rs 3.09 a litre in diesel on March 1.
After these, rates had been cut twice.
With PTI Inputs
