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Petrol, diesel price hiked for 5th day today. Check latest rates in top cities

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NEW DELHI : With crude oil prices hovering around the $40 a barrel mark, almost double from last month's rates, state-run oil marketing companies today hiked the price of petrol and diesel for the fifth consecutive day.

The price of both petrol and diesel went up by 60 paise a litre each today. During the last five days, the price of petrol has gone up by ₹2.74 a litre and that of diesel by ₹2.83 a litre in New Delhi.Amid the situation arising out of the coronavirus related lockdown, hike in excise duties and a fall in demand, retailers had chosen not to revise prices for more than 80 days since mid-March.

With the phase-wise reopening of the economy under 'Unlock 1.0' or 'lockdown 5.0', fuel demand started to increase gradually as economic.

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