NEW DELHI : For the 10th consecutive day today, the price of petrol went up by 47 paise a litre and that of diesel by 57 paise a litre.
In these 10 days, petrol price has increased by ₹5.45 a litre and diesel price by ₹5.8 a litre (Delhi rates). Fuel prices are now at its highest level since more than a year.After Brent crude oil rates rebounded from the record lows of around $20 a barrel and the central government hiked excise duties last month, state-run oil marketing companies have been suffering losses of about ₹8 on every litre of petrol and diesel they sell, according to a report.
Therefore, the price of petrol and diesel could be hiked further for the next two weeks to cover the shortfall.Latest petrol, diesel prices in top cities:Ne.