Petrol, Diesel Prices Hiked Again, Fourth Time In 5 Days

Fuel Price Rise: India is 85 per cent dependent on imports for meeting its oil needs and so retail rates adjust accordingly to the global movement.

Petrol and diesel prices were hiked by 80 paise a litre each today, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material.

Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously while diesel rates have gone up from Rs 89.07 per litre to Rs 89.87, according to a price notification of state fuel retailers.

All the four increases since the ending of a four-and-half-month long hiatus in rate revision on March 22, have been of 80 paise a litre. These increase increases are the steepest single-day rise since the daily price revision was started in June 2017.

In four increases, petrol and diesel prices have gone up by Rs 3.20 a litre.