NEW DELHI: State-run Indian Oil Corporation on Wednesday announced a hike of Rs. 2.96 a litre in petrol prices,effective from midnight.
The oil marketing companies (OMCs) also hiked the Aviation Turbine Fuel (ATF) rates by 3.6 per cent, a move that could make air travel costlier.
Bharat Petroleum Corporation Limited (BPCL) had on Tuesday announced an increase of Rs. 2.95 a litre in petrol prices. Hindustan Petroleum Corp Ltd (HPCL), the third state fuel retailer, also hiked petrol prices by Rs. 2.94 a litre, effective from Thursday.
Petrol at IOC bunks in Delhi will now cost Rs. 55.87. HPCL will sell fuel at Rs. 55.85 a litre, and BPCL at Rs. 55.86.
The jet fuel prices will cost Rs. 46,876.58 a kiloliter, making it the fifth increase in a row since October, when international crude oil prices started climbing.
ATF rates in Delhi have been hiked by Rs. 1,636.58 a kilolitre.
Earlier, on December 1, jet fuel price was raised by 1.4 per cent followed by a massive 5.5 per cent increase on November 16, in tune with the rise in global rates.
Jet fuel will cost Rs. 47084.40 per kilolitre in Mumbai from Thursday, as against Rs. 45,379.62 per kilolitre currently.
In Kolkata, the ATF price has been hiked by Rs, 1,731.84 to Rs. 54183.98 a kilolitre, while in Chennai, it will cost Rs. 50269.99 a kilolitre against the present Rs. 48,496.70.
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