(T.E.T)
Petrol and diesel prices were hiked by 80 paise a litre each today, the third straight increase in four days. The total hike is now of Rs 2.4 a litre. In Delhi, a litre of petrol will cost Rs 97.81 a litre and diesel Rs 89.07 a litre. Mumbai is the priciest for petrol at Rs 112.51 a litre while diesel will set you back by Rs 96.70 a litre (increased by 84 paise & 85 paise respectively). Since November last year, state-owned refining and marketing companies have together lost about $2.25 billion (about Rs 17,000 crore) in revenue on petrol and diesel due to non-revision of prices. Indian oil companies could see an impairment in the value of upstream investments in Russia and a decline in the cash flows from these assets going ahead, it said in a note on Thursday.
