Petrol and diesel rates hiked on Sunday, over 10% jump in 2 months
Auto fuel rates rallied on Sunday as state-run oil companies raised petrol prices by 35 paise and diesel by 18 paise a litre in the 34th hike in two months, making the two fuels costlier by over 10% since May 4, a day after results of five assembly polls were declared.
Retail rates of auto fuels moved almost in tandem with international oil prices since May 4 resulting in 10.07% ( ₹9.11 per litre) jump in petrol and 10.68% ( ₹8.63 a litre) in diesel prices, while benchmark Brent crude surged 10.58% in the two-month period at $76.17 a barrel on Friday close.
With the latest hike, petrol rates in Delhi and Kolkata have inched closer to the ₹100 a litre mark at ₹99.51 and ₹99.45 per litre respectively. New rates of diesel in Delhi and Kolkata are ₹89.36 per litre and ₹92.27 respectively.
