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Steep increase in Petrol and Diesel prices


New Delhi: State-run Indian Oil Corp (IOC) on Wednesday announced an increase in the prices of transport fuels petrol by Rs 3.38 a litre and of diesel by Rs 2.67 per litre effective from midnight — both at Delhi, with corresponding increase in other states.

“During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13 per cent (over $5 per barrel) compared to the previous fortnight, with a corresponding increase in the international prices of petroleum products,” IOC said making their fortnightly revision in fuel prices.

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