Petrol price hiked by 36 paise a litre, diesel 87 paise

New Delhi, Nov 15 (IANS) State-run Indian Oil Corp. on Sunday announced a hike in the price of petrol by 36 paise a litre and of diesel by 87 paise at Delhi, effective midnight.

The petrol and diesel rates will experience a corresponding increase in other states, the announcement said.

“The current level of international product prices of petrol and diesel and INR-USD 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 statement here.

The oil marketer said the price of petrol per litre from Monday will be Rs.61.06 in Delhi, Rs.66.39 in Kolkata, Rs.68.13 in Mumbai and Rs.61.38 in Chennai.

Diesel will cost Rs.46.80 a litre in Delhi, Rs.50.29 in Kolkata, Rs.54.04 in Mumbai and Rs.48.00 in Chennai.

The Indian basket of crude oil closed trading on Thursday at $42.41 a barrel. The figures for Friday will be available on Monday.

1 Comment

  1. Dear readers,

    During UPA ruling the price of crude oil was $147 in December 2008 and the value of rupee was 42 against one US dollar, the price of petrol was Rs 64 per litre.

    Today the crude oil has fallen to USD/bbl.=44.471 and USD = 66.0949 INR but the Indians are still paying the same price back in UPA.

    Is this called ‘Aache Din’? Modi who is aggressively marketing for India,why is fail to pass the benefit to low oil prices for the common man? Does his government explain each liter of taxation?

    Why there are no transparency of revision of prices of fuel prices?

    Jai Hind

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