NEW DELHI: Prices of premium quality petrol and industrial diesel in India rose by nearly 2.30 Indian rupees (nearly 2 US cents) per litre and 22 Indian rupees (23 US cents) per litre respectively, on Friday (March 20), confirmed the oil marketing companies, Xinhua reported.
Attributed to ongoing conflicts in West Asia, the increase in fuel prices took effect immediately.
Costlier industrial diesel would have an adverse impact on various activities, including manufacturing, logistics and power generation. It would increase production and transport costs, potentially making everyday products more expensive, according to local media reports.
The federal government, however, played down the rise in the price of premium petrol, describing it as a small rise, as premium petrol was consumed by only 2-4 per cent of the total petrol buyers in the country. - Bernama-Xinhua
