Home / Business / Petrol price up by 58 paise a litre; diesel cut by 31 paise

Petrol price up by 58 paise a litre; diesel cut by 31 paise

Petrol price was on Thursday hiked by 58 paisa a litre while diesel rate was cut by 31 paisa per litre in line with international trends.

Petrol will cost Rs 64.05 a litre from midnight as against Rs 63.47. Similarly, diesel will cost Rs 52.63 a litre as compared to Rs 52.94 a litre.

This is the second increase in rates of petrol this month while in case of diesel it wipes away a part of the hike effected earlier this month.

Petrol price was last hiked on September 1 by a steep Rs 3.38 per litre and diesel by Rs 2.67 a litre.

“The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant increase in selling price of petrol and decrease in selling price of diesel, the impact of which is being passed on to the consumers with this price revision,” Indian Oil Corp, the nation’s largest fuel retailer, said.

The movement of prices in the international oil market and rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, it said in a statement.

Courtesy :http://www.hindustantimes.com

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

F1Pro high-tech the financial market experts

F1Pro is a financial service provider that deals with trading services, which include; forex, spot metal, spot commodities, spot indices, shares, and features. Unlike normal stocks, currency trading is not regulated by any central governing body. This ensures the traders get better rates as compared to conventional stocks, futures, or ...