Following the fortnightly revision in fuel prices, the cost of petrol and diesel was increased by INR 1.39 and INR 1.04 per litre respectively. Previously, petrol and diesel prices saw a reduction of INR 3.02 and INR 1.47 per litre respectively. With the new prices coming into effect from the midnight of April 15 and April 16, 2017, petrol will now cost INR 68.07 per litre while diesel will cost INR 56.83 per litre in Delhi.
One of the country’s largest retailers, Indian Oil Corporation, released an official statement that said, “The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.”
Also read: Fuel Prices Set To Be Revised Daily With Effect From May 1, 2017
The company further added, ”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. Also, IOCL intends to shortly start daily changes in price of Petrol and Diesel based on movement of prices in international market, on pilot basis, in the cities of Udaipur, Jamshedpur, Pondicherry, Chandigarh and Vizag.”
Following are the new city wise prices of petrol and diesel respectively:
Petrol
| Cities | Old Prices | New Prices |
| Delhi | 66.68 | 68.07 |
| Kolkata | 69.27 | 70.66 |
| Mumbai | 73.03 | 74.42 |
| Chennai | 69.77 | 71.16 |
Diesel
| Cities | Old Prices | New Prices |
| Delhi | 55.79 | 56.83 |
| Kolkata | 58.05 | 59.09 |
| Mumbai | 61.53 | 62.57 |
| Chennai | 59.12 | 60.16 |