Diesel Prices Hiked
Price of diesel was hiked by 50 paise per litre on wednesday and price of petrol remained unchanged. After the rise in prices, 1 litre diesel which was Rs.44.45 earlier is now priced at Rs.44.95. It is known that petrol price was cut down by Rs.2 and diesel by 50 paise per litre on 1st September and on 16th September, petrol price was increased by 98 paise and diesel by Rs.2.28. Speaking about present rise in fuel rates, “The current level of international prices and INR-USD exchange rate warrant a price increase, which is being passed on to consumers with this price revision,” said Indian Oil Corporation, India’s largest fuel retailer.