Petrol price hiked by `3.07 per litre, diesel by `1.90

PTI NEW DELHI, MARCH 16 Petrol price was hiked on Wednesday by Rs 3.07 a litre, reversing its 3-month declining trend, while diesel rates went up by Rs 1.90 per litre. Petrol in Delhi will cost Rs 59.68 per litre from mid-night tonight as against Rs 56.61 currently, said Indian Oil Corporation, the nation’s biggest fuel retailer. Similarly, a litre of diesel will cost Rs 48.33 compared with Rs 46.43 a litre at present.While the hike in petrol price turns the clock back on the declining trend since January, this is the third straight fortnightly increase in diesel rates. Petrol price was last cut by Rs 3.02 from March 1 and today’s hike has wiped off all of that. Diesel price on that day was hiked by Rs 1.47.