New Delhi:Domestic petrol prices were hiked by around 10-11 paise per litre on Monday, while diesel rates were kept unchanged. With effect from 6 am on May 27, the price of petrol was revised to Rs. 71.77 per litre in Delhi and Rs. 77.38 per litre in Mumbai, from Rs. 71.67 per litre and Rs. 77.28 per litre the previous day, according to notifications from Indian Oil.

The price of diesel stood at Rs. 66.64 per litre in Delhi and 69.83 per litre in Mumbai – the same levels as the previous day, according to Indian Oil Corporation (IOC).

Monday’s hike further shrank the overall reduction in petrol prices earlier this month. The petrol prices have been lowered by Rs. 1.32-1.4 per litre – or 2.16-2.38 per cent – in Delhi, Mumbai, Kolkata and Chennai so far this month. Diesel rates have been lowered by up to seven paise per litre in the four metros during this period.

Currently, the prices of petrol and diesel in the country are reviewed by state-run oil marketing companies such as Indian Oil Corporation on a daily basis. Any revisions are effected at the fuel pumps at 6 am.