New Delhi: Public sector oil marketing companies will increase the retail selling price of petrol and diesel by 0.83 a litre and 1.26 a litre respectively in Delhi with a corresponding increase in other states. The increase includes state levies and will be applicable from midnight May 16/May 17. After the price change, petrol will cost 63.02 a litre in Delhi while diesel will cost 51.67 a litre.
“The current level of international product prices of petrol & diesel and the rupee-US dollar exchange rate warrant an increase in the price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” said Indian Oil Corporation in a statement. “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 statement added.