Petrol, diesel prices raised for seventh time in eight days

Petrol and diesel prices were increased today, the seventh hike in eight days. In Delhi, petrol today retailed at ₹81.89, up 19 paise as compared to previous day’s price of ₹81.70. In Mumbai, Chennai and Kolkata petrol retailed at ₹88.58, ₹84.91 and ₹83.44 respectively.

Diesel prices were hiked by 24 paise to ₹71.86 per litre in Delhi today. After the latest hike, diesel retailed at ₹78.38 in Mumbai, ₹77.30 in Chennai and ₹75.43 in Kolkata.

Over eight days, petrol rates have been raised by 83 paise in Delhi and diesel by ₹1.4 per litre. The recent hikes are the first revision in petrol prices since September 22. Diesel rates had not changed since October 2.

The 58-day hiatus in petrol price revision and 48-day status quo on diesel rates was preceded by no change in rates between June 30 and August 15, and an 85-day status quo between March 17 and June 6.