Diesel price hiked by Rs.1 per litre

India News: Diesel prices were today hiked by Rs 1.02 per litre, the fourth increase in rates this year. State-owned oil firms, which had been mandated in January to raise prices by up to 50 paisa per litre every month till entire losses on the fuel are wiped out, skipped raising rates in April to avoid troubles for the government during the second half of Budget session of Parliament.