Just on the day when government announced their rural-focused budget in Parliament, revised fuel prices were also announced the same day. The new prices favours the petrol vehicles but diesel vehicle owners will not be very happy. According to the revised prices, petrol now costs Rs 56.61 per litre in Delhi as against Rs 59.63 per litre. On the contrary, diesel prices are upped by Rs 1.47 that means it costs Rs 46.43 per litre on Delhi roads instead of the earlier price of Rs 44.96 per litre. This revision in the fuel prices has been carried in-lines with the global fuel trend.
"The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant decrease in price of petrol and increase in price of diesel, the impact of which is being passed on to the consumers with this price revision," IOC, the country's largest fuel retailer, said in a statement.
"The movement of prices in the international oil market and Rupee-dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," Indian Oil added.