Oil companies had kept petrol and diesel prices on hold since March 16
Petrol and diesel prices were hiked by 60 paise per litre on Monday, for the second consecutive day, as state-owned oil firms reverted to daily price revisions after a gap of 83 days.
The petrol prices in Delhi were hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to a notification of state oil marketing companies.
On Sunday, the oil companies had raised the prices of petrol and diesel by 60 paise per litre.
Last month, on May 6, the Centre had hiked the excise duty on petrol and diesel by Rs 10 and Rs 13 respectively.
Oil PSUs regularly revise their ATF and LPG prices. However, since March 16, the oil companies kept petrol and diesel prices on hold, possibly due to the volatility in global oil markets in wake of Covid-19 induced lockdowns worldwide.
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