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Petrol, diesel prices to go up from today

Author: S Vijaykrishnan/Thursday, June 1, 2017/Categories: National

Petrol, diesel prices to go up from today

New Delhi (IANS) - Petrol price will be costlier by Rs 1.23 per litre, while diesel price per litre will be higher by 89 paise excluding state levies from June 1, the Indian Oil Corporation announced on May 31. Prices of the two main transportation fuels were last hiked on May 1, when petrol price was increased by 1 paise per litre, while that of diesel was raise by 44 paise a litre.

"The current level of international product prices of petrol and diesel and the rupee-US dollar exchange rate warrant an increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," the oil marketing company said in a statement. "The movement of prices in the international oil market and exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes."

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S Vijaykrishnan
S Vijaykrishnan

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