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Why Oil Companies Have Hiked Petrol, Diesel Prices Third Time in 9 Days

New Delhi:Petrol and diesel prices have seen a third hike in nine days as the State-owned oil companies have decided to pass on some of the price increases in the international oil and gas market to consumers.

As part of the strategy to implement an incremental increase, the prices of petrol, diesel, and CNG were again increased on Saturday.The Petrol PinchIn the last nine days, the price of petrol in Delhi has increased from Rs 94.77 per litre to Rs 99.51 per litre. This is an increase of Rs 4.74 paise per litre or 5 percent.

The price of diesel in Delhi has increased from Rs 87.67 per litre to Rs 92.49 per litre, an increase of Rs 4.82 per litre or 5.49 percent.

On May 15, the price of petrol and diesel was increased by Rs 3 per litre in Delhi. Four days later, on May 19, the price of petrol was increased by 87 paise per litre and the price of diesel by 91 paise per litre.

Source:Ndtv

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