Petrol and Diesel's prices increased by Rs 1.39 and 1.04 resp. : Total News

Petrol and Diesel's prices increased by Rs 1.39 and 1.04 resp.

16 Apr Total News

The prices of petrol and diesel have been hiked by Rs. 1.39 and Rs. 1.04 per litre respectively which came into effective from last midnight.

Before this, the rates were decreased on April 1.

"The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," an official statement from the Indian Oil Corporation Ltd (IOCL) read.

Petrol would now be sold at Rs. 68.64 and diesel at Rs. 57.15 across Delhi, NCR.

The statement further informed that the IOCL intends to shortly start daily changes in price of petrol and diesel based on movement of prices in international market, on pilot basis, in Udaipur, Jamshedpur, Pondicherry, Chandigarh and Vishakhapatnam cities.

Earlier on March 31, the prices of petrol and diesel were slashed by Rs. 3.77 and Rs. 2.91 per litre.

Oil companies have sent a proposal to government to change the prices of Diesel and petrol daily. Oil company will start this as a pilot project in five states from May 1. If this turns successful, this will be followed in all of the country.

The pilot project will start in centrally ruled Puducherry, Andhra Pradesh's Puducherry, Rajasthan's Udaipur, Jharkhand's Jamshedput (Tata) and Chandigarh.

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