Petrol Price Hiked by 89 paise per litre ; Diesel Up by 86 paise
Posted on: 06-11-2016 , 11:30:AM | DY365 Bureau
November 05, 2016 -- Petrol price on Saturday was hiked by 89 paise a litre and diesel by 86 paise a litre. This is the sixth increase in rates in petrol since September and the third increase in rates in diesel in a month.
The price hike announced by Indian Oil Corp (IOC) is excluding local sales tax or VAT. “The current level of international product prices of petrol and diesel and rupee-U.S. dollar exchange rate warrant increase in selling 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.