Diesel prices have been since January hiked by over Re 1 per litre in two instalments and it currently costs Rs 48.While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs 11 per litre losses are eliminated.50 a litre on February 16 and then by Rs 1. Also, the rupee has marginally appreciated against the US dollar to Rs 54.00 a barrel at the last time last revision.16 a litre.Petrol in Delhi currently costs Rs 70.

Petrol price was hiked by Rs 1.11..The cut in petrol price will follow two rounds of hike in rates since February. Despite the increases, oil firms lose Rs 11.Since last revision, international gasoline (petrol) prices have come down to about $ 120 per barrel from $ 131.Sources said the revision in rates of petrol and diesel are likely to be blown film extruders Manufacturers announced as early as tomorrow.26 per litre on sale of the nation’s most consumed fuel.40 per litre from March 2.74 a litre. Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paise a litre from March 15/16.Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paise a litre from March 15/16. Both the increases were excluding local VAT