Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC) moved in different ways on transport fuels, increasing the price of petrol by 28 paise a litre and decreasing diesel by 6 paise effective Saturday—both at Delhi, with corresponding changes in other states.
"The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a release here.
Making its previous fortnightly revision in fuel prices on September 15, IOC had hiked prices of petrol by 58 paise a litre and decreased diesel by 31 paise, effective both at Delhi, with corresponding changes in other states.
Petrol per litre from Saturday will cost Rs 64.58 in Delhi, Rs 67.61 in Kolkata, Rs 71 in Mumbai and Rs 64.13 in Chennai.
Similarly, diesel per litre will cost Rs 52.51 in Delhi, Rs 54.83 in Kolkata, Rs 58.03 in Mumbai and Rs 53.98 in Chennai.
The Indian basket of crude oils closed trade on Wednesday at $43.48 a barrel, as per official data.