Petrol and diesel prices hike continues in Hyderabad

Petrol and diesel prices once again increased in Hyderabad on Tuesday after oil marketing companies decided to continue the upward price revision of auto fuels.

In the city, the price of petrol per litre climbed from Rs. 88.37 on Monday to Rs. 88.63 on Tuesday. During the same period, the price of diesel per liter climbed from Rs. 81.99 to Rs. 82.26.

Earlier, petroleum dealers speculate that the price of petrol may



continue the upward trend in Hyderabad unless government reduce excise duty. They said that it will not be a surprise if it breaches Rs. 90-mark.

It is said that the rise is primarily on account of Saudi Arabia’s decision on unilateral production cuts.

As per oil companies’ executives, petrol and diesel prices in Hyderabad and other parts of India may increase further in coming days.