more-inAfter a 19-day pre-Karnataka poll hiatus, the petrol price was on Monday hiked by 17 paise a litre and that of diesel by 21 paise as Public Sector Undertaking (PSU) oil firms began passing on the spike witnessed in international rates to consumers. The petrol price in Delhi was hiked to ₹74.80 from ₹74.63, while diesel rate was increased to ₹66.14 from ₹65.93, according to a price notification issued by state-owned oil marketing companies. With this, the diesel price had touched a record high while petrol is at a 56-month peak. The petrol and diesel prices were last revised on April 24 when they were hiked by 13 paise each. The benchmark international diesel rates during this period have climbed from $84.68 a barrel to $88.63.

Source: The Hindu May 14, 2018 04:41 UTC