Petrol, diesel prices to go up from April

New Delhi : Petrol and diesel prices may go up by 50 paise to Re 1 per litre beginning April when India leapfrogs to using Euro-VI emission-compliant ultra-clean auto fuels.

Petrol currently costs Rs 73.36 per litre in Delhi and diesel is priced at Rs 66.36 a litre. Currently, BS-IV grade fuel, equivalent to Euro-IV emission-compliant fuel, is being supplied in the country and the government decided to leapfrog to BS-VI grade fuel from April 2020 to cut vehicular emissions, which are one among the many reasons for rising pollution in the national capital and other cities.

Sanjiv Singh, chairman of Indian Oil Corporation (IOC), the country's largest oil firm, said that all of the company's refineries have started producing BS-VI grade fuel and the same will reach depots across the country by next month.

"We are very much sticking to April 1 deadline and 100 per cent of petrol and diesel in the country will be BS-VI compliant from April 1," he said.