Diesel crosses Rs 70 per litre-mark for first time ever

Subsidised LPG with effect from midnight tonight will cost Rs 499.51 per cylinder in Delhi as against Rs 498.02 currently, mainly due to the tax incidence on base price, a statement issued by Indian Oil Corp (IOC), the nation's largest fuel retailer, said. Diesel rates were hiked by 28 paisa a litre, the steepest increase since the daily revision in fuel rates was effected in mid-June last year.

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