Petrol price hiked by Rs. 1.39 per litre, diesel by Rs. 1.04

New Delhi [India], Apr. 16 (ANI): The prices of petrol and diesel have been hiked by Rs. 1.39 and Rs. 1.04 per litre respectively which will be effective from Saturday midnight.

"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," an official statement from the Indian Oil Corporation Ltd (IOCL) read.

Petrol would now be sold at Rs. 68.64 and diesel at Rs. 57.15 across Delhi, NCR.

The statement further informed that the IOCL intends to shortly start daily changes in price of petrol and diesel based on movement of prices in international market, on pilot basis, in Udaipur, Jamshedpur, Pondicherry, Chandigarh and Vishakhapatnam cities.

Earlier on March 31, the prices of petrol and diesel were slashed by Rs. 3.77 and Rs. 2.91 per litre.(ANI)