<p class="title">Petrol prices on Tuesday crossed the Rs 78 per litre mark in Delhi for the first time in more than two-and-half-months, while diesel continued to scale new highs.</p>.<p class="bodytext">Petrol price was hiked by 14 paise and diesel by 15 paise, according to price notification of state-owned fuel retailers.</p>.<p class="bodytext">The increase pushed up the petrol price past Rs 78 for the first time since June 3. It now costs Rs 78.05 a litre in Delhi. In Mumbai, it is at Rs 85.47.</p>.<p class="bodytext">Diesel rates scaled a new high of Rs 69.61 per litre. In Mumbai, it costs Rs 73.90.</p>.<p class="bodytext">Fuel prices in Delhi are the cheapest in all metros and most of the state capitals due to lower sales tax or VAT.</p>.<p class="bodytext">Diesel prices hit their highest level, crossing the previous peak of Rs 69.31 a litre reached on May 29.</p>.<p class="bodytext">Petrol rates are however lower than the peak hit on May 29 when they touched Rs Rs 78.43 a litre in Delhi and Rs 86.24 in Mumbai.</p>.<p class="bodytext">Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar. The domestic unit hit a record low of 70.32 in early trade that day.</p>.<p class="bodytext">Petrol price has risen by Rs 0.91 a litre in Delhi in last 13 days. Diesel rates have gone up by Rs 0.89 per litre since then.</p>.<p class="bodytext">State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions. </p>
<p class="title">Petrol prices on Tuesday crossed the Rs 78 per litre mark in Delhi for the first time in more than two-and-half-months, while diesel continued to scale new highs.</p>.<p class="bodytext">Petrol price was hiked by 14 paise and diesel by 15 paise, according to price notification of state-owned fuel retailers.</p>.<p class="bodytext">The increase pushed up the petrol price past Rs 78 for the first time since June 3. It now costs Rs 78.05 a litre in Delhi. In Mumbai, it is at Rs 85.47.</p>.<p class="bodytext">Diesel rates scaled a new high of Rs 69.61 per litre. In Mumbai, it costs Rs 73.90.</p>.<p class="bodytext">Fuel prices in Delhi are the cheapest in all metros and most of the state capitals due to lower sales tax or VAT.</p>.<p class="bodytext">Diesel prices hit their highest level, crossing the previous peak of Rs 69.31 a litre reached on May 29.</p>.<p class="bodytext">Petrol rates are however lower than the peak hit on May 29 when they touched Rs Rs 78.43 a litre in Delhi and Rs 86.24 in Mumbai.</p>.<p class="bodytext">Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar. The domestic unit hit a record low of 70.32 in early trade that day.</p>.<p class="bodytext">Petrol price has risen by Rs 0.91 a litre in Delhi in last 13 days. Diesel rates have gone up by Rs 0.89 per litre since then.</p>.<p class="bodytext">State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions. </p>