Petrol price hiked by 53 paise/litre on 12th straight day

Petrol price on Thursday was hiked by 53 paise per litre and diesel by 64 paise a litre, the 12th straight day of increase in rates that now totals to Rs 6.55 for petrol and Rs 7.04 for diesel.

Petrol price in Delhi was hiked to Rs 77.81 per litre from Rs 77.28, while diesel rates were increased to Rs 76.43 a litre from Rs 75.79, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the 12th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.