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Oil marketing companies (OMCs) on Thursday announced a rise of 95 paise in diesel rates, but kept the petrol prices unchanged to align the domestic prices with global product prices. Now, diesel will cost Rs 45.9, including local taxes, in Delhi. The new rates will be effective from Thursday midnight.
“The current level of international prices and rupee-dollar exchange rate warrant a price increase, which is being passed on to consumers with this price revision,” Indian Oil Corporation said.
It added that the movement of prices in the international oil market and the exchange rate would continue to be monitored and developing trends of the market will be reflected in future price changes.
This is the second rise in diesel prices this month. Rates were increased by 50 paise on October 1. During the last revision on September 1, petrol was cut by Rs 2 per litre. Petrol currently costs Rs 61.20 per litre in Delhi.
It would also meet regularly to monitor the facilitation process and issue directions to the authorities concerned.
