Third hike in 8 days: Staggered fuel price hikes continue as petrol gets dearer by 87 paise, diesel by 91 paise | Business News
Public sector oil marketing companies (OMCs) hiked retail petrol and diesel prices on Saturday, marking the third price increase in eight days as they look to offset losses from high international prices amid an unprecedented global energy crisis. The price of petrol rose by 87 paise per litre, while that of diesel was up 91 paise per litre in Delhi, with corresponding changes in other parts of the country. With Saturday’s price hike, petrol prices in Delhi have gone up by Rs 4.77 per litre and diesel by Rs 4.81 since May 15, when the first price increase in over four years was announced. As of Saturday morning, a litre of petrol was priced at Rs 99.51, while that of diesel was at Rs 92.49 in the capital. Fuel prices vary across the country due to differences in state-level taxes. The latest hike follows a 90-paise-per-litre increase on Tuesday, and a Rs 3-per-litre increase on May 15. The Rs 3-per-litre hike in petrol and diesel prices implemented on May 15 had provided some relief to …








