After two rounds of cuts, petrol prices were on Thursday raised by Rs. 3.96 per litre and diesel by Rs. 2.37 a litre, tracking global cues.

The increase in petrol and diesel prices will be effective from midnight. Prices of petrol in Delhi will be Rs. 63.16 a litre from Friday as against the current Rs. 59.20; while diesel will cost Rs. 49.57 a litre as against Rs. 47.20, Indian Oil Corp, the nation’s largest oil company, said. Rates were last cut by 80 paise a litre on petrol and Rs. 1.30 a litre on diesel from April 16.