Following the recent spurt in oil prices to well over $50 a barrel, State-run Indian Oil Corp (IOC) on Sunday hiked prices of petrol by Rs 1.29 a litre, and of diesel by 97 paise, both at Delhi and effective from midnight, with
corresponding increases in other States.
In Hyderabad,petrol price is up by Rs 1.76 a litre and diesel by Rs 1.24 paise, After the hike price, per litre of petrol costs Rs 75.33 and of diesel Rs 63.02.