New Delhi, May 15 -- After over two years of putting prices on hold, state-run oil marketing companies (OMCs) on Friday raised prices of petrol and diesel around Rs.3 and a litre.

The price hike comes 16 days after state assembly elections in Assam, Kerala, Tamil Nadu, and West Bengal ended. Polls in Assam and Kerala were held on 9 April, in Tamil Nadu and the first phase of voting in West Bengal on 23 April, and ended in 29 April with the second phase of polling in West Bengal.

With the latest price hike, petrol and diesel are sold at Rs.97.77 and Rs. Rs.90.67 per litre respectively in the national capital. In the other key metros of Kolkata and Chennai, petrol prices will be Rs.108.74 and Rs.103.67, higher by Rs.3.29 and Rs.2.87 respe...