HIKE IN PETROL AND DIESEL PRICES BY Rs. 1.69 lITRE AND RS.0.50 PAISA RESPECTIVELY

New Delhi: Oil Marketing Companies have raised petrol price by Rs 1.69 per litre and Diesel price by 50 paise a litre, excluding state levies. Post the hike, non-branded petrol will cost Rs 73.25 a litre while diesel will be sold at Rs 57.78 per litre in the national capital.

The OMCs attributed the price rise to the Iraq crisis which has pushed crude oil price up $4 per barrel in the past two weeks alone. “Also, the Rupee-Dollar exchange rate has deteriorated. The combined impact of both these factors has warranted the increase,” Indian Oil Corporation (IOC), said in a statement.