Indian Oil Corp has announced an increase in the prices of petrol and diesel effective from March 1st, 2015. In Delhi the price of petrol has been hiked by Rs 3.18 a litre and diesel prices have gone up by Rs 3.09 per litre.
The reason cited for this is said to be a steep increase in international crude prices.
In the recent past petrol prices had witnessed a steady decline. Since August 2014, petrol prices have been slashed close to ten times and diesel saw a reduction in price six times since October 2014.
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