Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year as oil firms raised rates to make up for rising cost of production.
Petrol price was on Monday hiked by 5 paise per litre and diesel by 10 paise a litre, according to daily price notification of state-owned oil firms.
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre.
Rates have been on the rise since November 9, barring one day. Cumulatively, petrol price has been increased by Rs 2.30 per litre in the last one month. Diesel prices, however, have been moderate in their movement, hovering in between Rs 65-66 per litre range.
