“There has been a steep increase in international prices of both petrol and diesel and the rupee-dollar exchange rate has also depreciated slightly since the last price revision,” IOC said in a statement here.
“Increase in retail selling price of petrol by Rs.0.82/litre at Delhi (including state levies) with corresponding increase in other states. “Increase in retail selling price of diesel by Rs.0.61/litre at Delhi (including state levies) with corresponding increase in other states,” it added.
Fuel prices were last revised Feb 3 when petrol was made cheaper by Rs.2.42 per litre and diesel price was also lowered by Rs 2.25 per litre. The Indian basket of crude oil recently re-crossed $50 a barrel level and traded Thursday at $55.19 after having plunged to near six-year lows of $43 last month.
This is the first upward revision in the price of petrol since August 2014, and also the first in case of diesel since it became market-priced from October last. (IANS)