Petrol and Diesel Prices hiked by Rs. 3

Sarkaritel
By Sarkaritel February 28, 2015 18:41

Petrol and Diesel Prices hiked by Rs. 3


New Delhi, Feb 28 Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 28th February’15 / 1st March’15

·      Increase in Retail Selling Price of Petrol by Rs. 3.18 /litre at Delhi (including State levies) with corresponding increase in other States

·      Increase in Retail Selling Price of Diesel (Retail) by Rs. 3.09 /litre at Delhi (including State levies) with corresponding increase in other States

Prices of Petrol and Diesel were last revised upwards w.e.f. 16th February’15 by Rs.0.82/ litre and Rs.0.61/ litre respectively (including State levies at Delhi). This increase in prices was effected on the back of increasing international oil prices.

Since the above price revision, there has been further steep increase in international prices of both Petrol and Diesel. The INR-USD exchange rate has also depreciated slightly during this period. The combined impact of both these factors warrants increase in Retail Selling Prices of both Petrol and Diesel.

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

Sarkaritel
By Sarkaritel February 28, 2015 18:41