New Delhi: After a 19-day pre-Karnataka poll hiatus, petrol price was hiked by 17 paise a litre and diesel by 21 paise on Monday.
The PSUs have blamed the spike in international rates for the fuel price hike.
The price hike comes two days after the conclusion of the crucial Karnataka elections. The oil PSUs has so far kept the rates constant despite rise in input cost since April 24.
The prices of fuels is being auto revised since June last year.
On April 24, the petrol and diesel prices were hiked by 13 paise each. The price remained fixed despite the petrol rate in the international market rising from USD 78.84 per barrel on April 24 to USD 82.98 now.
Similarly, for diesel, the international diesel rates have increased from USD 84.68 per barrel to USD 88.63.
A similar situation was witnessed ahead of Gujarat polls when state-owned retailers like Indian Oil Corporation had cut the prices by 1-3 paise in December 2017.
The prices at petrol pumps of state-owned fuel retailers like Indian Oil Corp (IOC) were cut by 1-3 paise every day in the first fortnight of December 2017 before Gujarat went to polls. However, the prices started increasing once again after the Gujarat elections ended on December 14.
Bhubaneswar: Odisha FC reigned supreme at Fortress Kalinga Stadium once more. Coming from behind in…
Bhubaneswar: The Odisha government on Friday quashed reports about closure of schools till June 15…
New Delhi: It was after weeks of drama and suspense that the people of Odisha…
Bhubaneswar: Odisha government has suspended Excise Superintendent of Kendrapada district Debi Prasad Mishra for dereliction…
Bengaluru: Actress Harshika Poonacha has alleged that she and her husband were harassed and attacked…
Bhubaneswar: BJP leader of Kendrapada Bijayketan Swain along with his supporters joined BJD on Friday.…
New Delhi: The first phase of voting for the 18th Lok Sabha elections was by…
Bhubaneswar: Odisha unit of BJP on Friday accused the BJD of misleading the voters of…