Diesel prices have also been increased by 22 paise. In Delhi, a litre of diesel is priced at Rs 66.36 today

Petrol prices across India have been hiked by 15 paise on Tuesday taking them to the highest level in over four years at Rs 74.95 per litre in the National Capital. This is the second consecutive day when the prices have been hiked by the oil companies post Karnataka elections.

Diesel prices have also been increased by 22 paise. In Delhi, a litre of diesel is priced at Rs 66.36 today.

Oil PSUs had hiked the petrol price by 17 paise a litre and diesel by 21 paise on Monday as firms began passing on to consumers the spike witnessed in international oil and forex rates.

Interestingly, the oil PSUs had kept rates unchanged for nearly three weeks before Karnataka went to polls despite higher global prices.

State-owned oil marketing companies are estimated to have lost about Rs 500 crore in the past three weeks as they absorbed higher costs resulting from the spike in international oil rates and fall in rupee against the US dollar.

Oil prices decoded: Who gets what when you fill up your vehicle with a litre of fuel

Oil PSUs, which have been since June last year revising auto fuel prices on a daily basis to reflect changes in the cost, have kept pump rates static since April 24, an analysis of daily price notification issued by oil companies showed.

According to a PTI report, oil PSUs have refused to acknowledge if the freeze followed a government diktat.

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