Petrol price raised 83 paise, diesel costlier by Rs 1.26 per liter

The Oil Marketing Companies (OMCs) have increased prices of petrol by 83 paise per liter and dieael rates by Rs 1.26 per liter in order to align the domestic rates of the automobile fuels with global prices.

Post the change, effective today, petrol will be priced at Rs 63.02 per liter while a liter of diesel will cost Rs 51.67 per liter in Delhi, including state taxes. 

"The current level of international product prices of Petrol and Diesel and the Rupee-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," Indian Oil Corp (IOC), the nation's largest fuel retailer, said in a statement.

It added the movement of prices in the international oil market and the Rupee-Dollar exchange rate will continue to be monitored closely and developing trends of the market will be reflected in future price changes.