New Delhi: Diesel became costlier by 45 paise per litre and petrol by Rs.1.50 a litre from midnight due to a price hike following a rise in crude prices in international markets, oil marketing firms said yesterday.
A litre of diesel, which earlier cost Rs47.65 in New Delhi, will be costlier by 45 paise plus taxes. Petrol, which cost Rs67.26 per litre in the national capital, has become costlier by Rs1.50 a litre plus taxes.
Rates of petrol and diesel vary from state to state due to different tax structures.
The last revision in petrol and diesel prices was done on January 18 this year, when the diesel price was increased by 45 paise per litre. However, the petrol price was reduced by 25 paise per litre.
“Since the last price change, the international oil prices have constantly shown an uptrend. Crude oil price has increased from $109.08 per barrel to $113.24 per barrel,” said Indian Oil Corporation, the country’s largest oil marketing firm.
As a result of the latest hike in prices, under-recovery on diesel will come down to Rs10.27 per litre from the current Rs10.72 a litre. At the time of the last price revision, under-recovery on diesel was Rs.9.15 per litre. The under-recovery on diesel has increased due to a sharp increase in the prices of crude.
IANS
