(PTI)
Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year as oil firms raised rates to make up for rising cost of production. Petrol price was on Monday hiked by 5 paise per litre and diesel by 10 paise a litre, according to daily price notification of state-owned oil firms. The increase pushed price of petrol to Rs 75 a litre in the national capital and that of diesel to Rs 66.04 a litre.
Rates have been on the rise since November 9, barring one day. Cumulatively, petrol price has been increased by Rs 2.30 a litre in the last one month. Diesel prices, however, have been moderate in their movement, hovering in between Rs 65-66 a litre range.While prices rose in the immediate aftermath of drone attacks on some of Saudi Arabia’s giant onshore fields in mid-September, rising by a cumulative Rs 2.5 a litre in case of petrol in a matter of two weeks, rates had cooled off thereafter, with prices coming down from Rs 74.61 a litre to Rs 72.60 for petrol in Delhi.
