NEW DELHI : Petrol and diesel prices were hiked for the eighth consecutive day today. The price of petrol went up by 62 paise a litre and that of diesel by 64 paise a litre today.
In the last eight days, petrol has become costlier by ₹4.52 a litre and diesel by ₹4.64 a litre.According to reports, oil marketing companies could continue with the price rise for few more days as crude oil rates have almost doubled since April lows.
Due to a freeze in oil prices for over 80 days from March 16, a big hike in excise duties and a slump in demand due to lockdown, oil marketing companies are said to have suffered huge losses during the period.Latest petrol, diesel prices in top cities:New Delhi: Petrol ₹75.78 Diesel ₹74.03Gurgaon: Petrol ₹74.68..