Categories: Cars

Fuel Price Hike: Petrol by INR 2.58 and diesel by INR 2.26

Once again there is a hike in prices of fuel after the recent hike on May 16 this year. This time the prices have risen by INR 2.58 and 2.26 for petrol and diesel respectively. The new prices are applicable from midnight of 31st May and 1st June leading to which the petrol would now cost Rs. 65.60 per litre and diesel at Rs. 53.93 per litre in Delhi-NCR.

The revision in the fuel prices, if applicable, is done twice in a month by the fuel retailers- Bharat Petroleum Corporation Ltd. (BPCL), Indian Oil Corp (IOC), and Hindustan Petroleum Corporation Ltd (HPCL). The decision to cut or increase the fuel rates depends largely on the average price of crude oil along with the exchange rate of the Rupee and the US Dollar.

According to Indian Oil Corp(IOC), “The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,”. IOC also added, “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”.

Maxabout Team

Maxabout is one of the leading websites in India when it comes to automobile news and updates. At present, more than 2.3 million fans are holding faith in us currently through our Facebook page while we have around 4 lakh followers on Instagram.

Recent Posts

Leonbet Ελλάδα Στοίχημα Και Leon Καζίνο

Leonbet Slots Κουλοχέρηδες Στο Leon CasinoContentΤι Μπορείτε Να Κάνετε Στο Leonbet; Αξιολόγηση Της Ιστοσελίδας LeonbetΜπόνους…

2 days ago

Slot Equipment With The Best Odds Of Winning

Best Slots On Higher 5 Casino Any Amount Of Money & Progressive Slots Top Titles…

2 days ago

How To Play Black Jack For Beginners Rules, Strategy & Tips

A Beginners Facts Playing Blackjack Inside A Casino Without Embarrassing YourselfContentPlayer Carries On To Act…

2 days ago

Bally’s To Be Able To Undergo Renovations, Turn Into Horseshoe Las Vegas Casino

Horseshoe Gaming Holding Corporation Company HistoryContentThe Ins And Outs Of Todas Las VegasHorseshoe Brand Approaching…

3 days ago

That Paul Pesci Scene Inside Martin Scorsese’s On Line Casino Is Based About A True Story

Casino 1995 Martin Scorsese Synopsis, Movie Information, Moods, Themes In Addition To RelatedContentRelated MoviesDid Sam…

3 days ago

Kawasaki’s Year-End Discount Bonanza: Dive into the Deals on Ninja 300, Z900 & Other Models!

Kawasaki India has announced major year-end discounts on plenty of its motorcycle lineup in the…

3 days ago