While petrol price was increased by Rs 3.38 per litre, diesel price was hiked by Rs 2.67 per litre.
The news prices will come to effect from midnight tonight.
"During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13% (over $ 5/bbl) compared to previous fortnight, with a corresponding increase in the international prices of petroleum products," Indian Oil Corporation said in a statement.
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