Petrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 a litre. Rates were last revised on December 1 when petrol price was hiked by a marginal 13 paise a litre, but diesel rates were cut by 12 paise.
IOC Chairman B Ashok justified the deferment move, saying “it is not compulsory” to change rates on a particular date.
Petrol Price :
Irony of India was first to report this news yesterday, the Petrol price is likely to be hiked by oil companies.
— Press Trust of India (@PTI_News) December 16, 2016
IOC Hikes Petrol Prices By Rs 2.21/L & Diesel By Rs 1.79/L pic.twitter.com/9eWwR2COS9
— CNBC-TV18 (@CNBCTV18Live) December 16, 2016