The price rise was another second massive hike in a fortnight that is likely to stoke further inflation, which had cooled over the past two months.
Petrol and diesel will now cost Rs 77.81/litre and Rs 76.43/litre respectively in the national capital, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer.
The price of petrol and diesel hiked for the ninth consecutive day as State-run oil marketing companies (OMCs) continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic.
Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as state-owned oil firms reverted to daily price revisions after a 83-day hiatus.
India’s oil marketing companies on Wednesday raised the prices of petrol by Rs 1.23 litre and diesel prices by 86 paise per litre. The hiked prices will be effective from midnight tonight
Petrol price was on Sunday night hiked by 42 paisa a litre, the fourth increase in 6 weeks, and diesel rate was raised by Rs 1.03 a litre, the second hike in a fortnight.
New Delhi: Oil marketing firm Indian Oil Corporation has hiked petrol prices by Rs 1.69 per litre and Rs 0.50 per litre for diesel, with effect from midnight of June 30. The prices are exclusive
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