Telangana News

Petrol price hiked by Rs 2.21 a litre and diesel by Rs 1.79 per litre in the country. These prices exclude the local levies.

Considering VAT, the total hike per litre petrol in Delhi is Rs. 2.84 and its Rs. 2.11 for diesel. So the price of petrol with the hiked rates is Rs. 68.94 per litre and diesel is Rs. 56.68.   

Basing on the average international price in the previous fortnight, IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise rates on 1st and 16th of every month. But an increase that was warranted because of a rise in international gasoline (petrol) price to USD 62.82 per barrel from USD 57.43 and that of diesel to USD 60.97 from USD 56.79 was not announced on Thursday.

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16. “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.