Fuel price hike: Petrol stands at Rs 80.62, diesel Rs 74.55 per litre in Hyderabad

Hyderabad: The oil companies in the country have increased the fuel prices across India for the 12th consecutive day. Petrol price has been increased by 53 paise while diesel rates in went up by 64 paise on June 18.

With this, the price of petrol in India has seen a cumulative increase of over Rs 6.5 per litre since June 7. Diesel rates have been hiked by over Rs 7 per litre the fuel price hike which began in June.

The hike in fuel prices has led to cities like Chennai, Bengaluru, Hyderabad and Patna paying over Rs 80 for a litre of petrol. Meanwhile, in Delhi, petrol costs Rs 77.81 per litre while diesel rate stands at ₹76.43. The fuel prices stand at ₹84.15 and ₹74.32 in Mumbai for petrol and diesel respectively.

In Hyderabad, petrol stands at Rs 80.62 per litre, while diesel costs Rs 74.55 per litre, with the latest hike.

With the Central government easing restrictions on the COVID-19 lockdown from June 8, the demand for fuel has increased across the country. Earlier on June 10, the Indian Oil Corporation (IOC) said that it has boosted the run rates of the refinery to around 83 percent of their capacity following the increase in demand. It stated that the fuel demand has doubled after the lifting of lockdown. Oil prices in the international market had witnessed a sharp drop in March and April due to lockdown. Consumers can expect more hikes in prices in future, oil companies told sources.