Petrol and diesel prices have been hiked after the Assembly elections in five states got over.
State-owned oil marketing companies (OMCs) raised petrol and diesel prices on Tuesday.
Results for assembly elections in West Bengal, Assam, Kerala, Tamil Nadu, and Puducherry were declared on Sunday.
Petrol and diesel prices have been hiked by State-owned OMCs by 15 paise and 18 paise per litre respectively on Tuesday.
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Petrol and diesel prices have been hiked for the first time after a gap of over two months, soon after the assembly elections in four states and a Union Territory got over.
According to India’s largest fuel retailer, Indian Oil Corporation (IOC), petrol in Delhi is being sold at Rs 90.55 per litre and diesel at Rs 80.91 per litre on Tuesday.
Petrol and diesel prices in India remained subdued during the elections.
Three government-run OMC—Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL)—refrained from raising prices during the elections.
However, the state-run OMCs and the government have maintained that there is no relation between elections and hike in fuel prices.