Diesel Prices Hiked Ahead of Festive Season


New Delhi: Diesel price was Thursday hiked by 50 paise per litre but there will be no change in petrol rates. Diesel will cost Rs 45.90 per litre with effect from midnight tonight as against Rs 44.95 currently.

At the last revision on September 30, diesel price was cut by 50 paise. This is the second increase in diesel price in four months.

State-owned fuel retailers — Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) — revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.