New Delhi: Petrol and diesel prices on Monday were hiked by up to ₹2.71 per litre, the fourth increase since the revision of rates resumed on May 15, pushing the total cumulative rise to more than ₹7.5 per litre.
State-owned oil marketing companies raised petrol price by ₹2.61 per litre in the national capital, taking the rate to ₹102.12 per litre from the previous level of ₹99.51, industry sources said.
Diesel rates were increased by ₹2.71 to ₹95.20 per litre from ₹92.49.
The latest round of price revision comes amid elevated global crude oil prices and a weakening rupee, which have significantly increased the import costs for oil marketing firms.
Prior to May 15, fuel prices had remained unchanged for several weeks following a prolonged pre-election freeze.