New Delhi: The domestic oil provider company Indian Oil Corp (IOC) has today marginally hiked the prices of petrol by 1 paisa and of diesel by 44 paise both at Delhi with corresponding increases in other states which will come in effective from today.
The last time prices of petrol and diesel was hiked on April 16th with a Rs 1.39 per litre increase in petrol and Rs 1.04 a litre raise in diesel rates.
Petrol per litre now costs Rs 68.09 in Delhi, Rs 70.68 in Kolkata, Rs 77.46 in Mumbai and Rs 71.17 in Chennai.
On other hand, diesel costs Rs 57.35 in Delhi, Rs 59.61 in Kolkata, Rs 63.12 in Mumbai and Rs 60.71 in Chennai.
Domestic oil provider companies will roll out a dynamic fuel pricing pilot project from May 1 in five cities where the price of transport fuels would be changed daily so as to better cope with volatility in global crude oil prices. Petrol and diesel prices are currently revised on a fortnightly basis.
Petrol, diesel prices to be change daily in five cities
The prices of petrol and diesel would change every midnight in five cities Puducherry and Vizag in southern India, Udaipur in the west, Jamshedpur in the east and Chandigarh in the north.
IOC also announced the fuel prices effective for Monday for these five cities.
Petrol per litre will cost Rs 67.65 in Chandigarh, Rs 69.33 in Jamshedpur, Rs 66.02 in Puducherry, Rs 70.57 in Udaipur and Rs 72.68 in Vizag.
Similarly, diesel will cost Rs 57.74 in Chandigarh, Rs 60.26 in Jamshedpur, Rs 58.68 in Puducherry, Rs 61.23 in Udaipur and Rs 62.81 in Vizag.
The Indian basket of crude oils, comprising 73 per cent sour-grade Dubai and Oman crudes, and the balance in sweet-grade Brent, closed trade on Thursday at $49.94 for a barrel of 159 litres.
