The prices of petrol and diesel were raised for the third consecutive day on thursday after state-owned oil marketing companies resumed daily rate revisions following an over two-week hiatus. petrol and diesel saw a 25 paise and 20 paise hike, respectively, in Delhi. As per the latest hike, a litre of petrol and diesel will cost Rs 90.99 per litre and Rs 81.42 per litre, respectively, in the national capital. oil marketing companies hiked the price of petrol by 15 paise per litre and that of diesel by 18 paise per litre on Tuesday.

State-owned oil marketing companies (OMCs) raised petrol and diesel prices on tuesday after the results were declared for the assembly elections in West bengal, assam, kerala, tamil Nadu, and puducherry on Sunday. While petrol price increased by 15 paise per litre in delhi, diesel price was raised by 18 paise per litre. petrol and diesel were retailing at Rs90.55 per litre and Rs80.91 per litre respectively on tuesday in delhi at state run oil CORPORATION' target='_blank' title='indian oil corporation-Latest Updates, Photos, Videos are a click away, CLICK NOW'>indian oil corporation Ltd’s outlets. Economists believe the boiling diesel and petrol prices could push up inflation, making it tough for the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india to continue its accommodative monetary policy in June.

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