Petrol price raised by 87 paise, diesel by 91 paise; third hike in 10 days

India relies on imports for nearly 85 per cent of its crude oil requirements, making domestic fuel prices vulnerable to fluctuations in global markets. The fresh hike is likely to put additional pressure on commuters, transporters and businesses across multiple sectors.Petrol and diesel prices were hiked again across India on Saturday, with petrol increasing by Rs 0.87 per litre and diesel by Rs 0.91 per litre. This marks the third upward revision in retail fuel rates this month by the state-owned oil companies amid sustained pressure from rising global crude oil prices and geopolitical tensions in West Asia.