Petrol price hiked by 36 paise; diesel up 87 from today

Petrol price was hiked on Sunday by 36 paisa a litre, while that of diesel by 87 paisa per litre in line with firming global rates. This is the first hike in petrol price in five months and the third in diesel rates since October. Petrol will cost Rs 61.06 per litre from midnight tonight as against Rs 60.70 a litre currently, said Indian Oil Corp, the nation’s largest fuel retailer. A litre of diesel will from Monday cost Rs 46.80 as compared to Rs 45.93 per litre currently. “The current level of international product prices of petrol and diesel and Indian Rupee-US Dollar exchange rate warrant an increase in prices, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement here.