Zee Media Bureau

New Delhi: Price of petrol was Wednesday hiked by Rs 3.38 a litre and diesel by Rs 2.67 per litre, the first increase in rates since July.

Petrol will now cost Rs 63.47 a litre in Delhi from Thursday as compared to Rs 60.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost Rs 52.94 per litre as against Rs 50.27.

Rates were last cut by Rs 1 per litre in case of petrol and Rs 2 in diesel on August 16. The four reductions in last two months had led to the price of petrol in Delhi coming down by Rs 5.56 a litre and Rs 4.92 per litre in case of diesel.

"During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13 percent (over USD 5 per barrel) compared to previous fortnight, with a corresponding increase in the international prices of petroleum products.

"The current level of international prices warrant an increase in prices of petrol and diesel, the impact of which is being passed on to the consumers," IOC said in a statement.

Prices of non-branded Petrol in metro-cities (Rs/Litre) Applicable from Midnight of August 31, 2016 and September 01, 2016

Metros Prices Delhi 63.47 Kolkata 66.84 Mumbai 68.40 Chennai 63.02

Prices of non-branded Diesel in metro-cities (Rs/Litre) Applicable from Midnight of August 31, 2016 and September 01, 2016