Petrol price down Rs3 and diesel price rise by 1.47
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On diesel, this is the second increase in rate this month, The price was hiked by 28 paisa a liter last time.
The government had raised excise duty on petrol by Re 1 a litre and that on diesel by Rs 1.50 to mop up additional Rs. 3,200 crore during the remainder of the current fiscal.
The movement of prices in the international oil market and Rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,” said IOC.