Petrol Prices Hiked by Rs 3.96 a Litre, Diesel by Rs 2.37

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New Delhi: After two rounds of cuts, petrol prices were on Thursday raised by Rs 3.96 per litre and diesel by Rs 2.37 a litre, tracking global cues. The increase in petrol and diesel prices will be effective from Thursday midnight.

Prices of petrol in Delhi will be Rs 63.16 a litre from Friday as against the current Rs 59.20; while diesel will cost Rs 49.57 per litre as against Rs 47.20, Indian Oil Corp (IOC), the nation’s largest oil company, said.

Rates were last cut by 80 paise per litre on petrol and Rs 1.30 a litre on diesel from April 16. This followed a reduction of 49 paisa a litre in the price of petrol and Rs 1.21 in diesel from April 2.

Petrol prices had been cumulatively cut by Rs 17.11 a litre in 10 reductions between August and February and diesel by Rs 12.96 a litre in 6 reductions between October and February. The rates were increased by 0.82 a litre in petrol and Rs 0.61 per litre in diesel on February 16, and by Rs 3.18 per litre in petrol and Rs 3.09 a litre in diesel on March 1.

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