Petrol price up by 89 paise a litre, diesel by 86 paise a litre

After including VAT, petrol in Delhi will cost Rs 67.62 a litre from midnight tonight, diesel will cost Rs 56.41 a litre.

By: PTI | New Delhi | Updated: November 5, 2016 8:26 pm
petrol, petrol price hike, petrol hike, diesel, diesel price hike, diesel hike, petrol price delhi, delhi petrol price, delhi diesel prices, diesel prices, delhi news, india news Photo for representational purpose

Petrol price today was raised by 89 paise per litre, the sixth increase in rates since September, and diesel by 86 paise a litre, the third increase in a month. The price hike announced by Indian Oil Corp (IOC) is excluding local sales tax or VAT and will be effective from midnight tonight.

After including VAT, petrol in Delhi will cost Rs 67.62 a litre from midnight tonight, up Rs 1.17 from Rs 66.45 per litre currently. Similarly, diesel will cost Rs 56.41 a litre after including VAT in Delhi, up Rs 1.03 as compared to Rs 55.38 at present.

This is the sixth increase in petrol price since September 1, the last hike being on October 16 by Rs 1.73 a litre. The five previous hikes had totaled to Rs 6.36 a litre and after including today’s increase, the price of petrol has gone up by Rs 7.53 per litre in just over two months.

In case of diesel this is the third price increase in a month, the previous being of Rs 2.77 per litre on October 16. The three price increases total to Rs 3.90 a litre. “The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement.

IOC said the movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.

For all the latest Business News, download Indian Express App

  1. A
    Abhinav Gour
    Nov 5, 2016 at 2:44 pm
    What else can be Expected...
    Reply
    1. S
      Shailesh
      Nov 5, 2016 at 4:56 pm
      We are being fooled...just compare the international market and Indian rates during UPA and NDA The common man is looted in India under Modi.
      Reply
      1. A
        anil kumar
        Nov 5, 2016 at 3:15 pm
        Good days are ahead? Wait for few more years. Good days will come if not for comman man atleast for .......
        Reply
        1. A
          ASHOK KUMAR
          Nov 5, 2016 at 4:00 pm
          Modi told and promised 125 crore Indians during election campaign of 2014 that in case people bring him to power, he will control price rise. The same 125 crore Indians are feeling cheated and have no option but to wait till 2019. Mallya with 10000 crore of public debt was allowed to run away from the country under the protection of CBI, while a poor man stealing loaf of bread for his children is made to die in police stations at the hands of cruel and corrupt policemen .
          Reply
          1. K
            Kulmohan Singh
            Nov 5, 2016 at 8:28 pm
            Jio Ambani Jio
            Reply
            1. M
              mathimathi
              Nov 5, 2016 at 6:03 pm
              Which promises, feku is fulfilled so far. pro corporate oil companies PM ModiJi govt
              Reply
              1. R
                Rauf
                Nov 5, 2016 at 3:33 pm
                CONGRESS KE SARKAR THI TOU BJP ROYA KARTE THI AJ HAR MAH DESIEL PETROL KE RATE BADA RAHA MODI KUTAAAAA
                Reply
                1. R
                  Rauf
                  Nov 5, 2016 at 3:34 pm
                  SAY MORE HAR HAR MODI HE WILL TAKE YOUR LIFE TO GANGA TAAT
                  Reply
                  1. Load More Comments