Petrol hiked by Rs.3.07/litre, diesel by Rs.1.90

New Delhi: State-run Indian Oil Corp on Wednesday announced a big hike in transport fuel rates, increasing petrol by Rs.3.07 a litre and diesel by Rs.1.90 -- both at Delhi, with corresponding increase in other states.

petrol The hikes will be effective midnight on Wednesday, the company said adding that the hardening of global crude oil rates warranted such an increase.