The petrol price has gone up by 3.50 rupees per litre, while diesel price has been hiked by Rs 2 per litre.
LPG also got dearer by Rs 35 per cylinder while Kerosene will cost Rs 3 more per litre.
The prices of petrol and diesel have been decontrolled, S Sundareshan, the Oil Secretary informed while addressing a press conference after the meeting.
Freeing the prices of these fuels from government control means that their prices will be market-driven.
However, the prices of LPG and Kerosene have not been decontrolled.