New Delhi: Petrol price was hiked on Wednesday by 5 paise per litre and diesel by Rs 1.26 with immediate effect from midnight. Prices were hiked three times in May. The last time prices were increased, petrol became dearer by Rs 2.58 per litre and diesel by Rs 2.26 litre.
Fuel prices were last revised on May 1, when the price of petrol was increased by Rs 1.06 per litre while that of diesel was raised by Rs 2.94 a litre. “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,” said Indian Oil, the country’s largest fuel retailer.