It is that time of the month when you guys must have already blown up half of your salaries and are worried about the upcoming festive season shopping. While Diwali is going to gulp down the remaining of your savings, here is a bad news that will add to your Monday blues. The diesel and petrol prices have gone up by INR 1.34 and INR 2.37 respectively. Indian Oil Corporation Ltd. has already implemented the price changes from 16 October 2016.
The updated prices will be as follows-
Petrol
| Cities | Old Prices | New Prices |
| Delhi | 64.72 | 66.45 |
| Mumbai | 71.12 | 72.83 |
| Chennai | 64.24 | 65.96 |
| Kolkata | 67.72 | 69.08 |
Diesel
| Cities | Old Prices | New Prices |
| Delhi | 52.61 | 55.38 |
| Mumbai | 58.11 | 61.05 |
| Chennai | 54.07 | 56.95 |
| Kolkata | 54.92 | 57.64 |
On the price change the company stated that the current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant the change of prices, the impact of which is being passed on to the consumers with this price revision. 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.