IOC to raise diesel, petrol prices from Sunday

Retail prices of petrol will be raised by 3.18 rupees a litre and that of diesel by 3.09 rupees a litre, it said in a statement on Saturday.

Indian Oil Corp  said it would raise the retail price of petrol by 5.5 percent and that of diesel by 6.6 percent from Sunday, as global prices of the two fuels have risen since the last revision.

Retail prices of petrol will be raised by 3.18 rupees a litre and that of diesel by 3.09 rupees a litre, it said in a statement on Saturday.

India's three state-controlled fuel retailers: IOC, Bharat Petroleum Corp Ltd  and Hindustan Petroleum Corp Ltd  , tend to move their prices together.

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