State-run Oil Marketing Companies (OMCs) hiked the price of petrol by about 35 paise per litre noting the rise in raw material cost.
Reports suggest that, the price of petrol would cost Rs 67.56 per litre in Delhi following the price hike. Prices vary from city to city due to differential local sales tax or VAT rates.
Petrol price was cut twice in October and November – first by 56 paise and then by 95 paise per litre.
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