Petrol price was today hiked by Rs 1.06 per litre and diesel by Rs 2.94 a litre. Petrol in Delhi will cost Rs 62.19 per litre from midnight tonight as against Rs 61.13 currently, said Indian Oil Corporation (IOC), the nation's largest fuel retailer. Similarly, a litre of diesel will cost Rs 50.95 compared to Rs 48.01 at present. The increase comes on back of a Rs 0.74 per litre cut in the price of petrol and a reduction of Rs 1.30 a litre in that of diesel on April 16.

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