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Petrol, diesel prices go up

Kashmirmediawatch by Kashmirmediawatch
May 31, 2016
in Business
Reading Time: 1 min read
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New Delhi | May 31 :Petrol and diesel prices to go up by Rs. 2.58 per litre and Rs. 2.26 per litre respectively in Delhi at midnight on Tuesday.
With this change, the price of petrol in the national capital will be Rs. 65.60 per litre (including State levies), while one litre diesel will cost Rs. 53.93. The prices will be revised correspondingly in other states as well.

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The decision was taken by Indian Oil Corporation Ltd in view of the current level of international product prices of petrol and diesel vis-a-vis INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision.

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

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