Petrol price hiked by 36 paise/litre

Petrol price was hiked by 36 paise a litre, the third increase in two months, but that of diesel was cut by 7 paise per litre in line with international trends.

Petrol will cost Rs 64.57 a litre in Delhi as against Rs 64.21 currently. Similarly, diesel will cost Rs 52.52 a litre as compared to Rs 52.59 at present.

This is the third increase in rates in petrol in two months, while in the case of diesel, it is the second price reduction this month.

Indian Oil Corp (IOC), the nation’s largest fuel retailer, said petrol price is being hiked by 28 paise per litre (excluding state levies) and diesel rate is being cut by 6 paise (excluding state levies).

After including a VAT of 27 per cent on petrol, the effective hike in petrol price in Delhi came to 36 paise a litre. In case of diesel, the cut came to 7 paise a litre after including VAT of 17.42 per cent.