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Petrol price goes up by Rs 3.38 per litre; Diesel by Rs 2.67 a litre

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 31 Aug 2016 3:11 PM GMT

Petrol price goes up by Rs 3.38 per litre; Diesel by Rs 2.67 a litre
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Petrol price
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New Delhi: Breaking the two months declining trend, the prices of petrol and diesel have been hiked on Wednesday by Rs 3.38 per litre and Rs 2.67 a litre respectively. The revised rates will come into effect from midnight today.

The fuel prices have been hiked following a 13 per cent rise in the international oil rates in the last fortnight.

“The current level of international prices warrant an increase in prices of petrol and diesel, the impact of which is being passed on to the consumers,” IOC said in a statement.

State-owned fuel retailers IOC, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise fuel rates every months on 1st and 16th followed by the average oil price and the foreign exchange rate.

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The prices of Petrol and Diesel were last cut by Re 1 a litre and diesel by Rs 2 on August 16.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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