Diesel price hiked by 50 paise per litre

Diesel price has been increased by 50 paise per litre with effect from midnight, however, petrol price remains unchanged.

"The current level of international prices and INR-USD exchange rate warrant a price increase, which is being passed on to consumers with this price revision," state-run Indian Oil Corporation (IOC) said in a statement in the national capital.

Now, diesel will cost Rs 44.95 per litre as against Rs 44.45 currently, IOC said.

On September 1, petrol price was cut by Rs 2 per litre and diesel by Rs 0.50 a litre.

On Wednesday, the Maharashtra government decided to levy a surcharge of Rs 2 on petrol and diesel, effective from October 1.

(With inputs from IANS)