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Petrol Price Hiked by Rs 0.83 ; Diesel Up by Rs 1.26
Posted on: 17-05-2016 , 11:10:AM | DY365 Bureau

 May 17, 2016 - Oil companies on Monday hiked the price of petrol by Rs 0.83 per litre and the price of diesel by Rs 1.26 per litre effective from midnight.

 
"The current level of international product prices of petrol and diesel and the rupee-US Dollar 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," the IOC said. 
 
“The movement of prices in international oil market and rupee-dollar exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes,” the IOC statement added.
 
This is the second consecutive hike in prices, with rates being hiked by as much as Rs 2.94 per litre in April end.
 
 
 

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