Petrol hiked by Rs 3.38/litre, diesel by Rs 2.67

New Delhi, Aug 31:

State-run Indian Oil Corp (IOC) on Wednesday announced an increase in the prices of transport fuels petrol by Rs 3.38 a litre and of diesel by Rs 2.67 per litre effective from midnight — both at Delhi, with corresponding increase in other states.

“During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13 per cent (over $5 per barrel) compared to the previous fortnight, with a corresponding increase in the international prices of petroleum products,” IOC said making their fortnightly revision in fuel prices. (IANS)