India, May 26 -- State-run oil companies on Monday raised petrol prices by Rs.2.61 per litre and diesel prices by Rs.2.71 a litre, the fourth rate hike in two weeks that has cumulatively seen petrol and diesel becoming costlier by Rs.7.35 and Rs.7.53 per litre, respectively, since May 15, the date of the first retail fuel price revision since the West Asia conflict drove international crude to multi-year highs.

Monday's price revision - which pushed pump prices of petrol in the Capital beyond Rs.100 a litre for the first time since 2022 - came days after international oil prices fell below $100 a barrel. Benchmark Brent crude fell by 5.84% to $97.49 per barrel in intraday trade on Monday (9.30pm) from $103.54 a barrel on Friday.

Industr...