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The oil-marketing companies hiked the petrol and diesel prices for fifth straight day on Monday. According to Indian Oil Corporation (IOC)'s website, on Monday, a litre of petrol was being sold in New Delhi for Rs 76.97, in Kolkata for Rs 79.89, in Mumbai for Rs 84.41, and in Chennai for Rs 79.96
A litre of diesel was being sold in New Delhi for Rs. 68.44, in Kolkata for 71.22, in Mumbai for Rs. 72.66, and in Chennai for Rs. 72.29, stated iocl.com, IOC's website. Petrol and diesel prices have been on a steady rise since August 2.
Petrol and diesel prices last hit $80 a barrel in May and since then, have adversely affected inflation levels, because of which the Reserve Bank of India raised key lending rates for the second time in a row last week.
Retail inflation accelerated to a five-month high of 5 per cent in June, from 4.87 per cent in the previous month.
