Cars in India | Autoportal.com
Select City

Petrol, Diesel Prices hiked by Rs 2.19/L, 0.98/L respectively

Petrol, Diesel Prices hiked by Rs 2.19/L, 0.98/L respectively

Snapshot: Petrol prices soared by Rs 2.19 per litre and that of Diesel by 98 paise per litre in Delhi.

- Comments    |    Write Comment

Petrol prices soared by Rs 2.19 per litre and that of Diesel by 98 paise per litre. Indian Oil Corporation Ltd. has decided to effect the following price changes with effect from midnight of 16th March / 17th March, 2016. Earlier, on March 16, petrol price was hiked by as much as Rs 3.07 a litre, reversing its 3-month declining trend, while diesel rates went up by Rs 1.90 per litre.

While this is the second straight increase in price of petrol, this is the fourth straight fortnightly increase in diesel rates. The three hikes in diesel rates since February 16 total Rs 3.65 per litre.

Click here to watch Hyundai's 'Drive mein Junoon' music video with 118 sounds from Elite i20!

After the price revision, petrol now cost Rs 61.87 per litre as against Rs 59.68 per litre in Delhi. While the retail selling price of the diesel is increased by Rs 0.98 per litre that means diesel will now cost Rs 49.31 per litre instead of Rs. 48.33 per litre in Delhi (including State levies) with corresponding price revision in other States.

“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement. “The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,” IOC added.

Related car news

  •  Petrol Prices dropped by Rs 3.02/litre, Diesel hiked by Rs 1.47/Litre 01-03-2016 Davender Soni Petrol Prices dropped by Rs 3.02/litre, Diesel hiked by Rs...
  • Petrol and Diesel to be delivered to your doorstep soon 21-04-2017 Anurag Busi Petrol and Diesel to be delivered to your doorstep soon
  • Volvo Cars India Announce Price Hike by 2.5 Percent 12-04-2017 Mayank Volvo Cars India Announce Price Hike by 2.5 Percent
  • Honda Cars India Announce Price Hike by Rs. 10,000 22-03-2017 Mayank Honda Cars India Announce Price Hike by Rs. 10,000
  • BMW India Announce Price Hike of 2 Percent Across Entire Range 16-03-2017 Mayank BMW India Announce Price Hike of 2 Percent Across Entire Ran...
  • Land Rover Discovery Sport Petrol Price Slashed by Rs. 7 Lakhs 17-02-2017 Mayank Land Rover Discovery Sport Petrol Price Slashed by Rs. 7 Lak...


Helpline