April 16, 2026 11:28 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘We are surprised’: SC stays Pawan Khera’s bail over remarks on Himanta Biswa Sarma’s wife | Historic shift: Bihar gets first BJP CM as Samrat Choudhary takes oath | 'ECI deviated from Bihar procedure': Supreme Court raises concerns over voter deletion in Bengal SIR | Noida workers’ protest turns violent: Stones pelted, vehicles damaged over wage hike demand | Oil prices jump above $103 a barrel as US moves to block Iran-linked shipping | I don’t care if they come back or not, says Trump after Iran talks collapse | Legendary singer Asha Bhosle suffers cardiac arrest, hospitalised | Big boost to India–Mauritius ties: S. Jaishankar hands over 90 e-buses | Middle East tension: Iranian delegation arrives in Islamabad for major talks, 10,000 security personnel deployed | Ranveer Singh visits RSS HQ amid Dhurandhar 2 success, triggers speculation

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
In Images: Mamata Banerjee files nomination from Bhabanipur for Bengal polls
In Images: Mamata Banerjee files nomination from Bhabanipur for Bengal polls Apr 08, 2026, at 01:04 pm
In Images: Kangana Ranaut at Kalighat Temple in Kolkata
In Images: Kangana Ranaut at Kalighat Temple in Kolkata Apr 07, 2026, at 02:46 pm
In Images: Amit Shah holds roadshow for BJP candidates in Kolkata
In Images: Amit Shah holds roadshow for BJP candidates in Kolkata Apr 02, 2026, at 05:14 pm
Related Videos
TMC-BJP clash in Bengal #westbengal #tmc #bjp Mar 30, 2026, at 04:20 pm
Seven stolen dogs in China make daring escape from meat traders Mar 30, 2026, at 04:20 pm
Munich elects first openly gay Green mayor in historic shift Mar 30, 2026, at 04:19 pm