Petrol and diesel prices on Tuesday saw the biggest hike since July 5 Budget as India voiced concern over spike in global oil prices following attacks on Saudi Arabian crude oil facilities. Petrol price was increased by 14 paisa per litre to Rs 72.17 and diesel by 15 paisa to Rs 65.58 per litre in the national capital, according to price information available from state-owned oil firms.

This increase is the biggest single-day hike since the July 5 maiden Budget of Finance Minister Nirmala Sitharaman that raised rates by almost Rs 2.50 a litre due to an increase in excise duty on fuel. The increase in retail prices on Tuesday followed nearly 20 per cent surge in international oil prices in intraday trading -- the biggest jump in almost 30 years -- in response to attacks halving Saudi Arabia's output, before closing nearly 15 per cent higher at four-month highs.