Zee Media Bureau

New Delhi: In one of the steepest hike of fuel prices, oil companies on Thursday hiked the price of petrol by Rs 3.96 a litre and that of diesel by Rs 2.37 a litre, to be effective Friday.

In mid April, the oil companies had cut the prices by 80 paise for petrol while the price of diesel was cut by Rs 1.30 a litre.

To be effective from Thursday midnight, petrol in Delhi will now cost Rs 63.16 a litre from the existing Rs 59.20.

Diesel price in the national capital will now stand at Rs 49.57 against the existing price of Rs Rs 47.20 per litre.

Both the prices are exclusively of taxes.