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Petrol rate hiked 20 paise, diesel 55 paise, in 17th consecutive price hike<\/h2>\n
The rise in the price of domestic fuels continues as global oil prices enter a bull run and the government tries to shore up revenues.<\/p>\n
PTI<\/em> reports: “Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 55 paise as the oil companies increased prices for the 17th day in a row that took the cumulative increase to a steep Rs 8.5 and Rs 10.01 per litre, respectively.<\/p>\n Petrol price in Delhi was hiked to Rs 79.76 per litre from Rs 79.56, while diesel rates were increased to Rs 79.40 a litre from Rs 78.55, according to a price notification of state oil marketing companies.<\/p>\n Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or value added tax.<\/p>\n The 17th daily increase in rates, since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to fresh highs. Petrol price too is at a two-year high.”<\/p>\n \u00a0\n<\/p><\/div>\n