Petrol, Diesel prices hiked by 60 paisa across India, first time in 80 days

New Delhi : Petrol and diesel prices were increased by 60 paisa per litre, as the state-owned oil firms restarted daily price revisions after 82-day hiatus on Sunday.

In Delhi, petrol prices were hiked to Rs 71.86 per litre from Rs 71.26 a litre, while diesel rates were increased to Rs 69.99 per litre from Rs 69.39, according to a price notification of state oil marketing companies.

The daily revision of fuel prices has started, an oil company official told PTI.

While oil PSUs have regularly revised Aviation Turbine Fuel (ATF) and LPG prices, they had since March 16 kept petrol and diesel prices on hold, ostensibly on account of extreme volatility in the international oil markets.

Auto pricing of fuel were frozen after the government had increased excise duty by Rs 3 per litre each to mop up gains arising from falling international rates.

The government on May 6 again raised excise duties by Rs 10 per litre on petrol and Rs 13 per litre on diesel.

Petrol price in Mumbai and Kolkata was hiked by 59 paisa each to Rs 78.91 and Rs 73.89 per litre, respectively. In Chennai, the hike was 53 paisa to Rs 76.07, according to the price notification.

For diesel, price was hiked by 58 paisa in Mumbai to Rs 68.79 and in Kolkata by 55 paisa to Rs 66.17. In Chennai, the price was hiked from Rs 68.22 to Rs 68.74.