On Monday night, while TV news networks were busy dissecting the assembly exit polls, oil companies announced a rise in petrol prices by 83 paise per litre and diesel rates by Rs 1.26 per litre.
The Indian Oil Corporation said the change was affected in Delhi from midnight on May 16. Other states and union territories, will face a corresponding rise, inclusive of local levies, it said.
“The current level of international product prices of petrol and diesel and INR-US dollar exchange rate warrant increase in prices, the impact of which is being passed on to the consumers with this price revision,” the Indian Oil Corporation said in a press release.
From Tuesday, a litre of petrol will cost Rs 63.02 in Delhi, Rs 66.44 in Kolkata, Rs 66.12 in Mumbai and Rs 62.47 in Chennai. The price of a litre of diesel will be Rs 51.67 in Delhi, Rs 54.10 in Kolkata, Rs 56.81 in Mumbai and Rs 53.09 in Chennai, PTI reported.
In the last hike on May 1, petrol price went up by Rs 1.06 a litre and diesel rate by Rs 2.94.
From jibes at the two-year anniversary of the Narendra Modi government to demands for cheaper travel, Twitter didn't take too kindly to the price rise.
#Petrol price rises again. Please someone get me Vaahan, hindu gods used to use to fly around. It will help to control pollution as well.
— ਅਮਰਦੀਪ ਸਿੰਘ (@iAmardip) May 17, 2016
When Virat Kohli is batting, the government silently increases petrol rates, so that nobody notices it. #KKRvRCB
— Sagarcasm (@sagarcasm) May 16, 2016
Modi govt celebrating its victory by increasing price of #petrol , Time to recover the election money i guess #ModiFuelLoot
— Rajesh Patel (@kingkhankafan1) May 17, 2016
#Petrol Aur karo Modi Modi Modi...
— Sarabjeet Singh (@Singh12985) May 17, 2016
Every time when crude oil prices fall he increases the prices of petroleum products;
Petrol Price Hike again. Gift to 100% Citizens of India because of 31% Idiots who fell for Jumla pic.twitter.com/OHol92sklC
— Joy (@Joydas) May 16, 2016
@PTI_News Strategically hiked right after the elections are over! Oh, I forgot, it's the oil companies now & even they wait for the voting!
— BULL (@bullydogmatrix) May 16, 2016