Petrol price increased by 59 paisa, diesel down by 33 paisa

Lucknow: The petrol prices are increased by 59 paise per litre while diesel prices are decreased by 33 paisa per litre from midnight here on Thursday.

"The current level of international product prices of Petrol & Diesel and rupee-dollar exchange rate warrant increase in selling price of Petrol and decrease in selling prices of Diesel, the impact of which is being passed on to the consumers with this price revision," said Indian Oil Corporation, the country's largest fuel retailer.

Petrol per litre will cost Rs. 64.22 from Friday while they have to pay Rs. 52.57 per litre for diesel.

Earlier, the revision of petrol prices took place on August 31 in which petrol and diesel prices were hiked by Rs 3.38 per litre and Rs 2.67 a litre respectively.

"The movement of prices in the international oil market and rupee-dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," Indian Oil added.

Also read: Jio effect: Anil Ambani’s RCom announces merger with Aircel