Diesel hiked Rs.1.26 a litre, petrol by 83 paise

17-05-2016 Tue 01:04 | Business | IANS

New Delhi, May 17: State-run Indian Oil Corp (IOC) on Tuesday raised transport fuel prices, with petrol becoming costlier by 83 paise a litre and diesel by Rs.1.26, both at Delhi and inclusive of local levies, with corresponding increase in other states. "The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in prices, the impact of which is being passed on to the consumers with this price revision," IOC said in a release here. Petrol per litre from Tuesday will cost Rs.63.02 in Delhi, Rs.66.44 in Kolkata, Rs.66.12 in Mumbai and Rs.62.47 in Chennai. The price of diesel per litre is Rs.51.67 in Delhi, Rs.54.10 in Kolkata, Rs.56.81 in Mumbai and Rs.53.09 in Chennai. The Indian basket, comprising 73 percent sour-grade Dubai and Oman crudes and the balance in sweet-grade Brent, rose to $45.17 on Friday for a barrel of nearly 160 litres, as per data compiled by the government's Petroleum Planning and Analysis Cell.

(The content of this article is sourced from a news agency and has not been edited by the ap7am team.)