Srinagar, May 25 (KAT): Petrol and diesel prices were on Monday hiked by up to ₹2.71 per litre, the fourth increase since the revision of rates resumed on May 15, pushing the total cumulative rise to more than ₹7.5 per litre.
Reports reaching Kashmir Abb Tak said that state-owned oil marketing companies raised petrol price by ₹2.61 per litre in the national capital, taking the rate to ₹102.12 per litre from the previous level of ₹99.51.
The latest round of price revision comes amid elevated global crude oil prices and a weakening rupee, which have significantly increased the import costs for oil marketing firms.
Prior to May 15, fuel prices had remained unchanged for several weeks following a prolonged pre-election freeze.(KAT)
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Jammu and Kashmir