Oil Marketing Companies (OMCs) raised petrol and diesel prices across the country for the fifth straight day on Monday in line with the rise in global crude oil prices.
Indian Oil Corporation (IOC), the nation’s largest fuel retailer, increased petrol prices in Delhi by 23 paise while diesel rates were raised by 21 paise per liter, pushing the prices to Rs 76.36 and Rs 68.07 per litre, respectively.
IOC’s price build-up data for Petrol sold in New Delhi showed the Cost and Freight (C&F) price borne by the company increased to $81.87 per barrel on Monday from $80.69 per barrel on 2 July.
The exchange rate of the Rupee versus the US Dollar — which also influences domestic pricing of the two automobile fuels. Read More
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