Petrol in Delhi will cost Rs 66.93 per litre from today instead of Rs 66.29 at present. A litre of diesel will cost Rs 50.93 per litre as opposed to Rs 52.28, Indian Oil Corp (IOC), the nation's largest oil company, said.
On May 16, petrol prices was hiked by Rs 3.13 a litre and diesel by Rs 2.71 per litre. However, on June 1, companies skipped raising rates by 30-40 paise that had become necessary due to rise in international rates.
The three hikes in petrol rates have wiped away more than one-third of the gains that had accrued to consumers when global rates began to fall in August. In case of diesel, the reduction has partly restored the gains taken away in May.
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.

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