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Petrol price up by Rs 3.38, diesel by Rs 2.67

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petrol AGENCY
New Delhi: Petrol price was on Wednesday hiked by a steep Rs 3.38 per litre and diesel by Rs 2.67 a litre, reversing a two-month declining trend.
Petrol will cost Rs 63.47 a litre in Delhi from midnight tonight, up from Rs 60.09 a litre, said Indian Oil Corp, the nation’s largest fuel retailer.
Similarly, a litre of diesel will cost Rs 52.94 a litre as against Rs 50.27. The hike in fuel price, necessitated by a 13 per cent rise in international oil rates in the last fortnight, comes on the back of four reductions.
Rates were last cut by Rs 1 per litre in case of petrol and Rs 2 in diesel on August 16. The four reductions in last two months had led to the price of petrol in Delhi coming down by Rs 5.56 a litre and Rs 4.92 per litre in case of diesel.

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