Petrol, diesel prices hiked by 80 paise per litre again

Fuel prices were hiked by 80 paise a litre each on Friday. This is the third time increase in the consecutive days. With three increases on March 22, petrol and diesel prices have gone up by Rs 2.40 a litre. Petrol in Delhi will now cost Rs 97.81 per litre as against Rs 97.01 previously. Diesel rates have gone up from Rs 88.27 per litre to Rs 89.07.

A record 137-day hiatus in rate revision ended on March 22 with an 80 paise per litre increase in rates and similar proportion hikes have followed in subsequent days. Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab. The rate revision was expected soon after assembly elections ended on March 10 but it was put off. Oil companies are now recouping the losses.

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