Explained: Why petrol and diesel prices were hiked after a 4.5 month hiatus
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Oil marketing companies increased retail prices of petrol and diesel on March 22 after they were unchanged for 137 days even as crude oil rose sharply.

Petrol and diesel prices were raised by over 80 paise a litre and industry experts expect them to be increased further.

Petrol now costs Rs 110.78 a litre and diesel Rs 94.94 per litre in Mumbai. In Delhi, petrol will be sold at Rs 96.21 per litre, while diesel will be available at Rs 87.47 per litre.

Explained: Why petrol and diesel prices were hiked after a 4.5 month hiatus

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rakesh.manzi@gmail.com

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