Diesel price hiked by Re 1 per litre effective midnight tonight
business 09:54
The companies have made up for skipping the April revision by increasing rates by Rs 0.90 per litre, excluding local sales tax or VAT.
The increase comes to Rs 1.02 per litre in Delhi where the fuel will now cost Rs 49.69 a litre compared to Rs 48.67 previously, Indian Oil Corp, the nation's largest fuel retailer, said in a press statement.
In Mumbai, diesel will cost Rs 1.12 more at Rs 56.04 a litre, while in Kolkata it will cost Rs 53.97 per litre from tomorrow as compared to Rs 52.91 at present.
In Chennai, the price has been raised by Rs 1.10 to Rs 52.92.
Diesel prices were last hiked on March 23 when rates were raised by 45 paisa, excluding VAT.
Before the hike, oil firms were losing Rs 3.81 per litre on diesel and today's increase will help cut losses by 90 paisa.
Posted by Unknown
on 09:54.
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