Fuel prices hiked for 7th day in a row

NEW DELHI, Jun 13: Petrol price on Saturday was hiked by 59 paise per litre and diesel by 58 paise as oil companies for the seventh day in a row adjusted retail rates in line with costs since ending an 82-day hiatus in rate revision.
Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81, according to a price notification from the state oil marketing companies.
Rates have been increased across the country and vary from state to state, depending on the incidence of local sales tax or VAT.
This is the seventh daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.
In seven hikes, petrol price has gone up by Rs 3.9 per litre and diesel by Rs 4. The freeze in rates was imposed in mid-March, soon after the government hiked excise duty on petrol and diesel to shore up additional finances. (PTI)