Indian Oil Corporation (IOCL) has increased the price of industrial diesel from ₹87.67 per litre to ₹109.59 per litre, or 25%, as per multiple reports. This comes as oil marketing companies like IOCL, HPCL and BPCL hiked the price of premium petrol by up to ₹2.35 per litre. Notably, crude oil prices have surged recently due to Middle East war.