August 24, 2026 03:35 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Reservation for poor, not caste’: Stir at Delhi’s Jantar Mantar | Dalit woman 'gangrape-murder' shocker in Karnataka: 4 arrested after body found in well | India dismisses Pakistan's 'frustration' over US envoy's J&K remark | Centre denies US visit clearance to Telangana CM Revanth Reddy, says programmes 'not appropriate' | Delhi Police register FIR in pellet gun case after Rahul Gandhi's sit-in | Rahul Gandhi stages dharna at Delhi police station over CJP protest crackdown, targets Amit Shah | CJP school tour turns chaotic in Jaipur: Cars vandalised, stones pelted as Ashutosh Ranka alleges BJP ‘goons’ attack | Vande Mataram row: Kangana Ranaut slams Sharmila Tagore, says ‘come out of Hindu-Muslim mindset’ | Jadavpur erupts again: ABVP-SFI clash, police barricades shattered as fresh tension grips area | Ex-Congress MP and 1984 anti-Sikh riots convict Sajjan Kumar dies while serving life sentence

Petrol, diesel prices hiked due to Iraq crisis

| | Jul 01, 2014, at 02:31 am
New Delhi, June 30 (IBNS): State-run oil company Indian Oil Corporation (IOC) on Monday said petrol prices would be hiked by Rs 1.69 per litre while diesel prices would go up by 50 paise per litre.
The new prices, which will come to effect from Monday night, is result of the ongoing crisis in Iraq, IOC said.
 
"Due to geo-political unrest in the Middle East, there has been significant increase in international oil prices during the past two weeks. The international prices of MS have increased by more than USD 4/bbl, and the INR-USD exchange rate has also deteriorated. The combined impact of both these factors has warranted an increase in Petrol prices by Rs. 1.69/ litre (excluding state levies)," IOC said in a statement.
 
IOC said that diesel rates were hiked in continuation with the previous UPA government's January 2013 policy of raising prices in small doses every month to eliminate subsidy.
 
The Corporation further said, that it continues to suffer a loss Rs 33.07 a litre on kerosene sold through the public distribution system (PDS) and Rs 449 per 14.2-kg domestic subsidised LPG (cooking gas) cylinder.
 
#Petrol # diesel prices hiked due to Iraq crisis

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
NSG conducts operational reconnaissance at Kolkata's Kalighat temple
NSG conducts operational reconnaissance at Kolkata's Kalighat temple Aug 24, 2026, at 03:30 pm
In Images: PM Modi’s 80th Independence Day address, grand celebrations at Red Fort
In Images: PM Modi’s 80th Independence Day address, grand celebrations at Red Fort Aug 15, 2026, at 03:42 pm
In Images: Kolkata’s Red Road comes alive with Independence Day parade, tableaux and drills
In Images: Kolkata’s Red Road comes alive with Independence Day parade, tableaux and drills Aug 15, 2026, at 02:23 pm
Related Videos
ABVP-Left student groups clash at Jadavpur University in Kolkata Aug 20, 2026, at 11:09 am
Massive fire broke out at plastic factory in Siliguri. No casualties reported. Aug 19, 2026, at 03:47 pm
Terrifying fire at a Tarapith hotel in the early hours Aug 19, 2026, at 03:45 pm