<p>Following an increase in prices of LPG, oil marketing companies on Sunday hiked petrol and diesel prices by 60 paise per litre each.</p>.<p>After the hike, petrol will cost Rs 71.86 per litre in Delhi, and diesel, Rs 69.99 a litre.</p>.<p>In Bangalore, petrol will cost Rs 78.18 per litre and diesel Rs 66.54.</p>.<p>Petrol will be the costliest in Mumbai at Rs 78.91 per litre. </p>.<p>This is the first nationwide hike in petrol and diesel prices since March 16, a little before the country went into the nationwide lockdown.</p>.<p>Though several states have increased VAT on both fuels during the lockdown period.</p>.<p>The move comes nearly a month after the Centre raised excise duty by a whopping Rs 10 and Rs 13 per litre on petrol and diesel respectively.</p>.<p>The price increase in transport fuels has been effected after demand returned with the staggered opening of the economy.</p>.<p>The cash-strapped government had late last month increased domestic cooking gas (LPG) prices by Rs 11 per cylinder for all consumers barring those benefit from Prime Minister's Ujwalla scheme.</p>.<p>Last week officials from the finance ministry had denied the government would resort to hiking transport fuel prices after it raised excise duty.</p>.<p>Crude oil prices have firmed in the international market in the past fortnight and a barrel is now costing around $42 from a historic low of $20 in April.</p>.<p>India is the net importer of crude oil and ships more 80% of its domestic requirements. </p>
<p>Following an increase in prices of LPG, oil marketing companies on Sunday hiked petrol and diesel prices by 60 paise per litre each.</p>.<p>After the hike, petrol will cost Rs 71.86 per litre in Delhi, and diesel, Rs 69.99 a litre.</p>.<p>In Bangalore, petrol will cost Rs 78.18 per litre and diesel Rs 66.54.</p>.<p>Petrol will be the costliest in Mumbai at Rs 78.91 per litre. </p>.<p>This is the first nationwide hike in petrol and diesel prices since March 16, a little before the country went into the nationwide lockdown.</p>.<p>Though several states have increased VAT on both fuels during the lockdown period.</p>.<p>The move comes nearly a month after the Centre raised excise duty by a whopping Rs 10 and Rs 13 per litre on petrol and diesel respectively.</p>.<p>The price increase in transport fuels has been effected after demand returned with the staggered opening of the economy.</p>.<p>The cash-strapped government had late last month increased domestic cooking gas (LPG) prices by Rs 11 per cylinder for all consumers barring those benefit from Prime Minister's Ujwalla scheme.</p>.<p>Last week officials from the finance ministry had denied the government would resort to hiking transport fuel prices after it raised excise duty.</p>.<p>Crude oil prices have firmed in the international market in the past fortnight and a barrel is now costing around $42 from a historic low of $20 in April.</p>.<p>India is the net importer of crude oil and ships more 80% of its domestic requirements. </p>
