Petrol, Diesel Price Hiked by INR 3.38, INR 2.67 Respectively

In a recent revision of petrol and diesel prices, the prices have gone up by a considerable margin. The petrol now costs INR 3.38 more than the old price while the diesel is up by INR 2.67 from its old price. The new prices are effective from the midnight of 31 August.

The last two months saw a consecutive cut of the oil prices, 4 times to be specific in the 60 days. The international crude oil rates have gone up this time, forcing the companies to pass on the burden to the users, which is revised every fortnight. The benefits are even passed after the same interval.