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Diesel up by 45p, petrol to cost Rs 1.50 more

Diesel will become costlier by 45 paise per litre and petrol by Rs 1.50 a litre from Friday-Saturday midnight due to increase in crude oil prices in international markets, oil marketing firms said on Friday.

A litre of diesel which currently costs Rs 47.65 in New Delhi will be costlier by 45 paise plus taxes. Petrol currently costs Rs 67.26 per litre in the national capital and it will become costlier by Rs 1.50 a litre plus taxes. Rates of petrol and diesel vary from state to state due to different tax structure.

The last revision in petrol and diesel prices was made on 18 January this year, when the diesel price was increased by the same amount 45 paise per litre. However, petrol price was reduced by 25 paise per litre.  ‘Since the last price change, the international oil prices have constantly shown an uptrend. Crude oil price has increased from $109.08 per barrel to $113.24 per barrel,’ said Indian Oil Corporation, the country’s largest oil marketing firm.

Now, under-recovery on diesel will come down to Rs 10.27 per litre from the current Rs 10.72 a litre. The under-recovery on diesel has increased in last one month due to increase in  prices of crude oil.
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