Petrol price hiked by 64 paise/litre

Petrol price was hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.

This is the third increase in petrol price since May. However, in case of diesel, the reduction has halted two consecutive increases during last month. The revision in rates came into effect. Petrol in Delhi will cost Rs 66.93 per litre instead of Rs 66.29 at present. A litre of diesel will cost Rs 50.93 per litre as opposed to Rs 52.28, Indian Oil Corp (IOC), the nation’s largest oil company, said.

On May 16, petrol price was hiked by Rs 3.13 a litre and diesel by Rs 2.71 per litre.