Petrol And Diesel Price Revision Halts After 21 Days

The continuous revision in the rates of petrol and diesel prices finally came to a halt on Sunday after a long run of 21 consecutive days. With no revision in the petroleum products on Sunday, petrol is being retailed at Rs. 80.38 per litre in Delhi. Diesel, on the other hand, costs Rs. 80.40 per litre. Delhi is the only city where diesel is costlier than petrol. The oil companies on Saturday increased petrol prices by Rs. 0.25 per litre bringing it to Rs. 80.38 a litre in Delhi. Diesel rates were revised by Rs. 0.21 per litre taking the price to Rs. 80.40 a litre.

Also Read: Petrol, Diesel Prices Hiked; 21 Days And Counting

There has been no revision in petrol and diesel rates after 21 days 

On June 27, both the petroleum products retailed at the same price point as that of today. However, the rates vary from state to state that depends on the incidence of value-added tax (VAT) levied by the state governments. In Mumbai, the customers will have to pay Rs. 87.17 per litre and Rs. 78.72 per litre for petrol and diesel respectively. Buyers in Hyderabad will have to shed Rs. 83.43 a litre for petrol and Rs. 78.57 a litre for diesel.

Here are city-wise petrol and diesel prices:

Oil Marketing Companies (OMCs) have been revising the retail rates of the petroleum products in line with the costs after an 82-day break because of the Coronavirus pandemic. The companies started adjusting the retail prices of petrol and diesel from June 7, 2020, to bring then in line with the costs. However, the average prices of petrol and diesel in Delhi were Rs. 69.60 per litre and Rs. 62.30 per litre, respectively. These prices were effective in the country before the lockdown phase.

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

In Hyderabad, petrol and diesel cost Rs. 83.43 a litre & Rs. 78.57 a litre respectively