REUTERS - Indian Oil Corp Ltd (IOC) (NSI:IOC.NS - News), the country's biggest refiner, said it would raise petrol prices by 4 percent and diesel by 1.1 percent from Sunday as weakness in the rupee made the fuels costlier to import.
India deregulated gasoline prices in June 2010.
The new prices will be effective from midnight Saturday.
(Reporting by Ratnajyoti Dutta and Nidhi Verma in New Delhi; editing by David Evans)
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