Petrol price on Saturday was hiked by 15 paise per litre and diesel by 20 paise, the second straight day of increase in rates after firming

New Delhi: Petrol price on Saturday was hiked by 15 paise per litre and diesel by 20 paise, the second straight day of increase in rates after firming international oil rates broke nearly a two-month-long hiatus in price revision.

The price of petrol in Delhi was hiked to Rs 81.38 per litre from Rs 81.23, according to a notification from oil marketing companies.

Petrol and Diesel

Diesel rates went up from Rs 70.68 to Rs 70.88 per litre. On Friday, petrol price was raised by 17 paise per litre and diesel by 22 paise.

This is the first revision in petrol prices since September 22. Diesel rates had not changed since October 2.

Petrol and Diesel

Public sector oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd - revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.

Rates vary from state to state depending on the incidence of local sales tax or VAT.