Mumbai, May 25 -- Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks as state-owned fuel retailers continued to pass on rising international oil prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices have nearly touched Rs 7.5 per litre since fuel price revisions resumed on May 15 after a prolonged freeze, stoking concerns over inflationary pressures and higher transportation costs across the economy. The latest revision pushed petrol prices higher by Rs 2.61 per litre and diesel by Rs 2.71, according to industry sources.

Published by HT Digital Content Services with permission from Capital Market....