Diesel Now Costlier Than Petrol In Delhi; Price Hiked By 48 Paise For 18th Consecutive Day

The oil companies have raised the price of diesel by 48 paise while petrol prices have remained unchanged. For the first time, diesel is costlier than petrol in Delhi which now costs Rs. 79.88 per litre.

By Carandbike Team

1 mins read

Published on June 24, 2020

Highlights

For the first time, Diesel is now costlier than petrol in Delhi
Petrol now costs Rs. 79.76 per litre in Delhi
Diesel retails at Rs. 79.88 per litre in Delhi

For the last couple of weeks, the petroleum products maintained an upward trajectory in prices touching new highs. On 18th consecutive day, oil companies increased prices of diesel by 48 paise whereas petrol prices remained unchanged. Petrol in Delhi now costs Rs. 79.76 per litre while diesel retails at Rs. 79.88 per litre, as per a report from ANI. For the first time in Delhi, the diesel price has surpassed the petrol price. Moreover, prices of petrol have remained untouched since June 7, 2020. Also Read: Petrol, Diesel Prices Hiked On The 17th Consecutive Day For the first time in Delhi, diesel has become costlier than petrol As diesel prices have been hiked for 18th day in a row since June 7, the total hike in diesel price amounts to Rs. 10.49 per litre. As far as other states are concerned, petrol prices will also rise but diesel will be cheaper than petrol due to lower taxes levied by other states. However, price gap between the two petroleum products will shrink further. The oil marketing companies have been revising retail prices in line with costs after an 82-day gap from rate revision due to the COVID-19 crisis. Though the surging petroleum prices may create the required revenue for the government, it would also cause an unfavourable impact on household budgets. Also, an increase in diesel prices would have a wider impact on transport and agricultural sectors which are largely dependent on fuel. Also Read: Petrol, Diesel Prices Hiked By 35 Paisa, 60 Paisa; Diesel Price Hits New Record High Oil companies resumed daily revision of fuel rates earlier this month after a hiatus of over 2 months, due to the lockdown In the last 17 days, retailers have cumulatively raised petrol and diesel prices by Rs. 8.50 per litre and Rs. 9.77 per litre. Both petroleum products have seen an increase of 14 per cent and over 26 per cent respectively, ever since oil retailers resumed daily price revision on June 7 after a gap of 82 days.