Petrol and diesel prices had been hiked again for a second day in a row. On Wednesday, the petrol prices at 6 am were hiked by 15 paise per litre in New delhi and Mumbai. In Kolkata, the prices were increased by 14 paise per litre and 16 paise per litre in Chennai, according to Indian Oil Corporation website.
Diesel prices were increased by 21 paise per litre in Delhi and Kolkata, 22 paise per litre in Mumbai and 23 paise per litre in Chennai. With this, the petrol prices now are at their highest level recorded since September 2013.
With the daily price revision of automotive fuels restarting on Monday after a 19-day hiatus due to Karnataka polls, petrol prices reached nearly five-year high while diesel prices hit a new all-time high in Delhi.
Prasanta Patnaik