New Delhi July 9: Petrol and diesel prices on Monday hiked for the fifth consecutive day, according to the Indian Oil Corporation data.
Petrol is being sold in Delhi at Rs.76.36 per litre, as against Rs.76.13 on Sunday, while diesel is being sold at Rs.68.07 per litre, as against Rs. 67.86 on the previous day.
While in Mumbai, petrol prices increased from Rs. 83.52 on Sunday, to Rs. 83.75 per litre on Monday, and diesel prices from Rs.72 to Rs. 72.23 per litre.
Members of the Organisation of the Petroleum Exporting Countries (OPEC) last month, agreed to jointly increase oil production, which was estimated to be about one million barrels a day.
The deal, which came after days of negotiation, was reportedly aimed at easing fears of a global supply crunch.