After petrol price hike of Rs 1.82 per litre on Friday, Indian Oil Corporation today announced a hike in diesel prices by 50 paise per litre, excluding VAT with effect from midnight tonight.
This is the seventh hike in diesel price since January when the government authorised state-owned oil firms to increase prices by up to 50 paisa per litre every month till entire losses on the fuel are wiped out.
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