Bad news! Petrol prices have shot up by 36p and the diesel cost has increase by 87p for every litre that you purchase. With this, petrol in Delhi will cost Rs. 61.06/litre and diesel will become Rs 46.80/litre.
The international product prices of petrol & diesel and the INR-USD exchange has triggered an increase in the prices. This has impacted the change and it has been passed on to the consumers. The change in prices will be monitored closely and the changing trends will be reflected in the future price adjustments.
It was recently that the government had levied more duty on the fuel prices that had triggered for this increase. The revision of fuel prices will be done more foten so that the oil companies aren’t affected buy the changing market rates. The USD has been growing strong and this is one of the reasons why the fuel prices are going higher. This revision will take place ideally on every fortnight.
In a statement released by Indian Oil Corp, it stated, “"The current level of international product prices of Petrol and Diesel and Rupee-Dollar exchange rate warrant an increase in prices, the impact of which is being passed on to the consumers with this price revision."
