<p>Petrol price on Sunday was hiked by 8 paise per litre and diesel by 19 paise, the third straight day of increase in rates as the firming international oil rates broke a nearly two-month-long hiatus in price revision.</p>.<p>Petrol price in Delhi was hiked to Rs 81.46 per litre from Rs 81.38, according to a price notification from oil marketing companies.</p>.<p>Diesel rates went up from Rs 70.88 to Rs 71.07 per litre.</p>.<p>State-owned fuel retailers started raising fuel prices from Friday. In three days, petrol price has gone up by 40 paise and diesel rates have risen by 61 paise per litre.</p>.<p>Petrol prices had been static since September 22, and diesel rates hadn't changed since October 2.</p>.<p>Public sector oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd - revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.</p>.<p>They have, however, resorted to calibrating the rates since the pandemic broke out to avoid volatility in retail prices.</p>.<p>The 58-day hiatus in petrol price revision and 48-day status quo on diesel rates was preceded by no change in rates between June 30 and August 15, and an 85-day status quo between March 17 and June 6.</p>.<p>In Mumbai, the petrol price on Sunday was raised to Rs 88.16 per litre, from Rs 88.09, while diesel rates went up from Rs 77.34 to Rs 77.54.</p>.<p>Rates vary from state to state depending on the incidence of local sales tax or VAT. </p>
<p>Petrol price on Sunday was hiked by 8 paise per litre and diesel by 19 paise, the third straight day of increase in rates as the firming international oil rates broke a nearly two-month-long hiatus in price revision.</p>.<p>Petrol price in Delhi was hiked to Rs 81.46 per litre from Rs 81.38, according to a price notification from oil marketing companies.</p>.<p>Diesel rates went up from Rs 70.88 to Rs 71.07 per litre.</p>.<p>State-owned fuel retailers started raising fuel prices from Friday. In three days, petrol price has gone up by 40 paise and diesel rates have risen by 61 paise per litre.</p>.<p>Petrol prices had been static since September 22, and diesel rates hadn't changed since October 2.</p>.<p>Public sector oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd - revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.</p>.<p>They have, however, resorted to calibrating the rates since the pandemic broke out to avoid volatility in retail prices.</p>.<p>The 58-day hiatus in petrol price revision and 48-day status quo on diesel rates was preceded by no change in rates between June 30 and August 15, and an 85-day status quo between March 17 and June 6.</p>.<p>In Mumbai, the petrol price on Sunday was raised to Rs 88.16 per litre, from Rs 88.09, while diesel rates went up from Rs 77.34 to Rs 77.54.</p>.<p>Rates vary from state to state depending on the incidence of local sales tax or VAT. </p>