New Delhi: Petrol and diesel prices were hiked by 80 paise a litre each today, the fourth increase in five days as oil firms passed on to consumers the spike in the cost of raw material. Petrol in Delhi will now cost ₹ 98.61 per litre as against ₹ 97.81 previously while diesel rates have gone up from ₹ 89.07 per litre to ₹ 89.87, according to a price notification of state fuel retailers.
In Mumbai, the petrol & diesel prices are Rs 113.35 and Rs 97.55 per litre, a hike of 84 paise & 85 paise, respectively.
Earlier this week, there was a rise in fuel prices on Tuesday, Wednesday, and then again on Friday. The rates were raised by 80 paise per litre each time.
According to the media report, India is 85 percent dependent on imports for meeting its oil needs and so retail rates adjust accordingly to the global movement.
(Smit Soni)