Petrol, diesel prices see steepest hike since July 5

Petrol and diesel prices were on Wednesday hiked by 24-25 paise per litre, the steepest increase since July 5 Union Budget, as a fallout of turmoil in global oil markets following drone attacks on Saudi Arabian crude oil facilities.

Petrol price was increased by 25 paise per litre to ₹72.42 and diesel by 24 paise to ₹65.82 in the Delhi market, according to price information available from state-owned fuel retailers. This is the biggest single-day hike since the July 5 Budget of Finance Minister Nirmala Sitharaman that raised rates by almost ₹2.50 a litre due to an increase in excise duty on the fuels.