Lagatar24 Desk
New Delhi, March 27: Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre.
Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel rates have gone up from Rs 89.87 per litre to Rs 90.42, according to a price notification of state fuel retailers.
Notably, fuel prices have been increased across the country and vary from state to state depending upon the incidence of local taxation. This is the fifth price rise since the end of a four-and-a-half-month rate review break on March 22. Prices have been raised by 80 pence per litre on each of the preceding four occasions, the largest single-day increase since the daily price revision was established in June 2017.
In the last six days, petrol prices have risen by 3.70 per litre and diesel prices have risen by 3.75 per litre. Prices had been frozen since November 4 in anticipation of assembly elections in areas such as Uttar Pradesh and Punjab, during which time the cost of raw materials (crude oil) had risen by around USD 30 per barrel.
