Petrol price up Rs. 1.69, diesel 50 paise

• Petrol prices on Monday were hiked by Rs 1.69 per litre while the price of diesel was increased 50 paise per litre. The revised rates will come into effect from July 
• The hike is mainly due to the ongoing crisis in Iraq and forex market fluctuations.
• “Due to geo-political unrest in the Middle East, there has been significant increase in International Oil prices during the past two weeks,” country’s largest oil firm Indian Oil Corporation (IOC) said while commenting on the increase.
• The hike excludes local sales tax or VAT and the actual increase will be higher and may vary from city to city. In the national capital, petrol will cost Rs 73.58 per litre, up Rs 2.02 from Rs 71.56, while diesel rates will go up by 56 paise to Rs 57.84 per litre.