Fuel price hiked

NEW DELHI, February 15: As a consequence of recent volatility of intertiol crude oil prices, state-run Indian Oil Corp on Sunday hiked rates of transport fuels effective from midnight. Accordingly, the price of petrol will increase by 82 paise per litre, while that of diesel will go up by 61 paise per litre from on Monday. “There has been a steep increase in intertiol prices of both petrol and diesel and the rupee-dollar exchange rate has also depreciated slightly since the last price revision,” IOC said in a statement here. IANS