Petrol price hiked by `3.38 a litre, diesel by `2.67
Petrol price was on Wednesday hiked by a steep Rs3.38 a litre and diesel by Rs 2.67 a litre, reversing a two-month declining trend.
Petrol will cost Rs68.40 a litre in Mumbai from Thursday, up from Rs65.03 a litre. Similarly, a litre of diesel will cost Rs58.48 a litre as against Rs55.58.
The hike in fuel price, necessitated by a 13% rise in international oil rates in the last fortnight, comes on the back of four reductions.
Rates were last cut by Re1 a litre in case of petrol and Rs2 in diesel on August 16.