Petrol and diesel to rise by nearly a rupee a litre, according to dealers

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil…

Petrol and diesel prices were hiked again across India, marking a second increase in a week, with sharp rises in Delhi, Mumbai, Kolkata and Chennai.

Petrol and diesel prices were increased by around 90 paise per litre on Tuesday, marking the second fuel price hike in less than a week.