In line with global trends, PSU oil marketing companies (OMCs) have raised price of petrol by 13 paise a litre and have slashed diesel rates by 12 paise per litre. Revised prices will take effective from the midnight of November 30 and December 1.
Post the revision, the price of petrol in Delhi will be Rs 66.10 a litre, 17 paisa more than Rs 65.93 a litre currently, whereas a litre of diesel will cost Rs 54.57, 14 paisa lower than Rs 54.71 a litre currently. In the last revision on November 16, the price of petrol was cut by Rs 1.46 a litre and diesel rate was also cut by Rs1.53 per litre, excluding state levies.
According to IOC the country's largest fuel retailer, the current level of international product prices of petrol and diesel and the INR-USD exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel, the impact of which is being passed on to the consumers with this price revision. It added that the movement of prices in the international oil market and rupee-dollar exchange rate will be monitored closely and developing trends of the market will be reflected in future price changes.