State- owned oil companies have increased petrol price by about Rs 5 per litre with effect from midnight tonight.
The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came a day after election results of five state assemblies were announced.
IndianOil, Bharat Petroleum and Hindustan Petroleum will hike rates between Rs 4.99 and Rs 5.01 per litre in Delhi with effect from midnight tonight. Petrol in Delhi currently costs Rs 58.37 per litre.The government had freed petrol price from government control in June but the state-owned oil firms had not raised prices on an ‘informal’ dictate from the oil ministry.
Following are the revised rates of petrol at Indian Oil Corp’s petrol pumps in four metros after Saturday’s decision to raise rates by Rs 5 per litre.Price at Bharat Petroleum and Hindustan Petroleum outlets will vary by a few paisas: