Petrol, diesel prices hiked again in India
Fuel Price
The government today hiked fuel prices in India once again with the cost of petrol rising by Rs 3.31 in six days and diesel prices going up by Rs 3.42.
Also Read:Amid Unlock 1.0, government hikes petrol, diesel prices for fourth consecutive day
Petrol prices werehiked by 57 paise per litre and diesel by 59 paise on Friday. Petrol will now cost Rs 74.57 a litre with diesel at 72.81 a litre in the national capital.
The hike in petrol prices comes as international oil prices climbed and finished with gains for a sixth week in a row.
OPEC and Russia had earlier pledged to cut output by 9.7 million barrels per day from May 1 until the end of June after the coronavirus outbreak led to a dramatic fall in oil prices.
"All participating countries... agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month," it said.
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The oil-producing block decided to later extend the output cuts through to July.