NEW DELHI: State oil firms have raised the prices of petrol by 89 paise a litre and ofdiesel by 86 paise a litre. The new prices will be effective from Sunday.
The price revision, due every fortnight, was delayed this time by a few days.
"The current level of international product prices of petrol and diesel, and rupee-dollar exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumerswith this price revision," Indian Oil Corp, country's largest fossil fuel retailer, said in a statement.
The movement of prices in the international oil market and the exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, the company said.
The price revision, due every fortnight, was delayed this time by a few days.
"The current level of international product prices of petrol and diesel, and rupee-dollar exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumerswith this price revision," Indian Oil Corp, country's largest fossil fuel retailer, said in a statement.
The movement of prices in the international oil market and the exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, the company said.
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