Petrol and diesel prices climbed again for the 11th consecutive day Friday reaching new highs across the country.
According to a price notification of state-owned oil marketing companies (OMCs), petrol price was hiked by 31 paise per litre and diesel by 33 paise. Today’s rate revision pushed the petrol price to Rs 90.19 a litre and diesel price to Rs 80.60 a litre in the national capital Delhi.
According to PTI report, the increase follows a spurt in prices of oil in the international market, on which India is 85 per cent dependent to meet its needs. Brent oil crossed USD 65 a barrel on Thursday as a worsening US energy crisis took out almost 40 per cent of the nation’s crude production. In 11 days, retail petrol prices have risen by Rs 3.24 a litre and diesel rates up by Rs 3.47.