The price of petrol and diesel were hiked Rs 0.42/litre and Rs 1.03/litre (effective midnight) by oil companies on Sunday, making it the second hike in a fortnight. Petrol and diesel in Delhi will now cost Rs 71.13 and Rs 59.02/litre respectively, with the increase in rates is excluding state levies. Meanwhile, IOC in a statement said, "The current level of international product prices of Petrol & Diesel and INR-USD exchange rate" warrants a change in the price of petrol and diesel.”