NewDelhi : After a 19 day interval, the state owned oil marketing companies (OMCs) today increased Petrol and Diesel prices by 17 paise and 21 paise respectively keeping in view the rising Crude prices in the international market.
According to the oil marketing companies. Petrol price in New Delhi has been hiked to Rs 74.80 per litre from Rs 74.63 while Diesel rates were increased to Rs 66.14 a liter from Rs 65.93. With this, Diesel prices have touched a record high while petrol is at a 56-month peak.
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Crude oil prices in the international market have breached the 75 dollar mark a barrel mainly due to US sanctions on Iran and production cut by the OPEC ( Organization of Petroleum Exporting Countries) nations to keep the price high. However, despite continuous increase crude prices the Oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have kept the prices unchanged most likely keeping in view the Karnataka Elections. With the Voting process has been concluded, the OMCs have started passing on the increase in international Crude prices to the consumers.