India, May 23 -- State-run oil marketing companies (OMCs) on Saturday raised petrol and diesel prices by nearly Rs.1 per litre each - the third hike in eight days - taking cumulative increases to almost Rs.5 per litre, even as international Brent crude fell 5.5% from the level at the time of the first hike on May 15.

In Delhi, petrol now costs nearly Rs.100 per litre ( Rs.99.51 per litre, to be precise), up 87 paise, while diesel rose 91 paise to Rs.92.49 per litre.

Retail selling prices of petrol and diesel across the four major metros for May 23:

Sector experts and industry executives said incremental fuel price hikes in small doses may continue till oil marketing companies stop incurring revenue losses, estimated at around Rs.8-10 p...