Recent fluctuation in global oil price impacted on the price of petrol and diesel in India as well. The price of petrol was hiked by 3.38 Rs per liter while the price of diesel was increased by Rs 2.67 per litre.
According to Indian Oil Corporation “During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13 percent (over $5/bbl) compared to the previous fortnight, with a corresponding increase in the international prices of petroleum products”.
Increased new rates will take effect from midnight. Today onward, the consumers will have to spend 63.47 Rs for a litre petrol and 52.94 Rs for a litre of diesel.