New Delhi: Petrol price today was hiked by Rs 2.58 per litre and diesel rate by Rs 2.26 per litre - marking the third 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.
These revised prices will come into effect from midnight.
"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 a report of 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.
Fuel prices were last hiked on May 17, when the price of petrol was increased 83 paise a litre and diesel rate by Rs 1.26 per litre.
Before that, May 1 saw a revision in prices when the petrol price was raised by Rs 1.06 per litre while that of diesel was raised by Rs 2.94 a litre.
