Happy New Year? Petrol, Diesel Prices Rise, Effective At Midnight

Petrol will now be more expensive by Rs 1.29 per litre; diesel will cost Rs 0.97 per litre more– effective midnight.

(Photo: iStock)

On the first day of 2017 , petrol prices were hiked by Rs 1.29 per litre while the diesel rate was increased by Rs 0.97 per litre. Both this changes will be effective from midnight of 1 January 2017.

Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) on Sunday hiked prices of petrol, at Delhi with corresponding increases in other states.

Rates were last hiked on December 16, petrol by Rs 2.21 a litre, and diesel by Rs 1.79 paise, both in Delhi, with corresponding hikes in other states.

Up, Up and Up!

Petrol per litre will cost Rs 70.60 in Delhi, Rs 73.13 in Kolkata, Rs 76.91 in Mumbai and Rs 70.07 in Chennai. Similarly, diesel will cost Rs 57.82 in Delhi, Rs 60.06 in Kolkata, Rs 63.61 in Mumbai and Rs 59.47 in Chennai.

Earlier on Sunday, aviation turbine fuel (ATF) or jet fuel price increased by 8.6 per cent and the subsidised LPG rate was raised by Rs 2 per cylinder. It will now cost Rs 434.71 a cylinder as against Rs 432.71 previously.

(With inputs from PTI and IANS)