Petrol, Diesel Prices Hiked; 21 Days And Counting

The oil companies on Saturday, yet again, revised the fuel prices on the 21st consecutive day resulting in a hike of 25 paise and 21 paise in prices of petrol and diesel respectively. With these newly revised prices, customers in Delhi will have to shell out Rs. 80.38 per litre for petrol and, they will have to pay Rs. 80.40 for a litre of diesel. The fuel prices differ from state to state, which depends on the value-added tax (VAT) levied by the state government.

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

Petrol and diesel prices have breached the Rs. 80 a litre in the capital city

In Mumbai, the price of petrol surpassed Rs. 87 mark as it is retailing at Rs. 87.14 per litre against Rs. 86.91 per litre on Friday. Diesel, on the other hand, is retailed at Rs. 78.71 per litre. In Kolkata, the retail price of petrol went up by 23 paise to Rs 82.05 per litre from Rs 81.82 a litre. While diesel retails at Rs. 75.52 per litre.

Oil marketing companies (OMCs) have been revising the retail rates of petroleum products since June 7, 2020. The firms took this step to bring the fuel prices in-line with costs after the 82-day-long hiatus, which was caused to the COVID-19 pandemic. 

Also Read: Fuel Sales Recover In The First Half Of June In India