"The current level of international product prices of Petrol & 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," said a press release issued by the Indian Oil Corportaion on its website.
"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.
After the new rate comes inot effect, consumers will have to pay Rs 64.58 for a litre of petrol in Delhi, and Rs 52.51 for a litre of diesel, Indian Oil Corp said on its website.
Currently petrol retails at Rs 64.21 per litre and diesel at Rs 52.59 a litre in the national capital.
Price of Petrol increased by Rs. 0.28/litre & Price of Diesel decreased by Rs. 0.06/litre in Delhi
Price of Petrol increased by Rs. 0.28/litre & Price of Diesel decreased by Rs. 0.06/litre in Delhi— ANI (@ANI_news) September 30, 2016