OMCs Raise Petrol Price By Rs 2.61 Per Litre, Diesel By Rs 2.71, Fourth Hike In Two Weeks
New Delhi, May 25 -- Oil Marketing Companies (OMCs) on Monday increased petrol prices by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre, marking the fourth fuel price hike since revisions resumed on May 15 after a prolonged freeze.
With the latest increase, cumulative hikes in petrol and diesel prices have reached nearly Rs 7.5 per litre over the past 11 days, reflecting mounting pressure on public sector fuel retailers amid elevated global crude oil prices and a weakening rupee.
In Delhi, petrol prices have risen to Rs 102.12 per litre from Rs 99.51, while diesel prices now stand at Rs 95.20 per litre compared to Rs 92.49 earlier, reported Economic Times.
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