Petrol price hiked By Rs. 2.58/Litre, Diesel By Rs. 2.26/Litre

In another pinch to the common man’s pocket, petrol price was on Tuesday hiked by Rs 2.58 per litre while diesel rate was increased by Rs 2.26 per litre effective from midnight.

After Tuesday's revision, a litre of petrol will cost Rs. 65.60 in Delhi whereas diesel will retail at Rs. 53.93/litre.

Prices of the fuels were last revised on May 16, when petrol was made more expensive by 83 paise a litre whereas diesel rate was revised upwards by Rs 1.26 per litre.

State-owned Fuel Retailers IOC, Bharat Petroleum Corporation Ltd (BPCL) And Hindustan Petroleum Corporation Ltd (HPCL) Revise Rates Of The Fuel On 1st And 16th Of Every Month Based On The Average Oil Price And The Foreign Exchange Rate In The Preceding Fortnight.