Petrol & diesel prices hiked for the 5th time in 6 days

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre.

Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel rates have gone up from Rs 89.87 per litre to Rs 90.42, according to a price notification of state fuel retailers.

In Mumbai, the petrol and diesel prices increased by 53 paise and 58 paise, respectively. Petrol costs Rs 113.88 per litre and diesel Rs 98.13.

In Chennai, the price of petrol is Rs 104.90 & diesel is Rs 95.00 and in Kolkata, the price of petrol is Rs 108.53 and diesel is Rs 93.57.

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This is the fifth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. On all the previous four occasions, prices had been increased by 80 paise a litre - the steepest single-day rise since the daily price revision was introduced in June 2017.