01/06/2016 9:01 AM IST | Updated 15/07/2016 8:27 AM IST

Petrol Price Hiked By ₹2.58/Litre, Diesel By ₹2.26/Litre

STR New / Reuters
An employee fills a car with petrol at a gas station in Jammu July 1, 2009. The government unexpectedly raised gasoline and diesel prices by as much as 10 percent on Wednesday, its first increase this year, passing some of oil's rally into an economy just beginning to find its feet amid a global recession. REUTERS/Mukesh Gupta (INDIAN-ADMINISTERED KASHMIR BUSINESS ENERGY)

NEW DELHI -- Petrol price was today hiked by Rs 2.58 a litre and diesel by Rs 2.26 per litre, the second increase in rates this month.

Petrol will cost Rs 65.60 per litre in Delhi after the increase while diesel will cost Rs 53.93/litre.

Prices were last hiked on 17 May.

"The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," said Indian Oil Corp (IOC).

The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, it added.

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