Diesel price inches towards ₹82 a litre after 15 paise hike
NEW DELHI: Diesel price in the national capital on Sunday inched towards the ₹82 per litremark following the second consecutive day of price hike.
Diesel price was increased by 15 paise per litre, according to a price notification of state-owned oil marketing companies.
This took the retail selling price in the national capital to the highest ever rate of ₹81.94 per litre. Rates vary from state to state depending on the incidence of local sales tax or VAT.
This is the second consecutive day of price increase. Rates were hiked by 15 paise on Saturday. The price increase on Saturday came after a four-day hiatus in rate revision.
Petrol prices on Sunday remained unchanged. Prices of petrol have remained static at ₹80.43 per litre for almost four weeks. Petrol rates were last changed on June 29.
Prior to hitting the freeze butt on, petrol price had been increased on 21 occasions since the oil companies reverted to daily price revision on June 7. The cumulative increase in petrol came to ₹9.17 per litre.
Diesel rates have continued to be revised sporadically in July. The cumulative increase in diesel price since June 7 now totals ₹12.55 per litre. In Mumbai, petrol is priced at ₹87.19—unchanged since June 29, while diesel now costs ₹80.11 a litre.
Prior to June 7, oil companies had for 82 days not revised petrol and diesel prices as they adjusted a record increase in excise duty by the government against the fall in rates warranted due to international oil prices slumping to a two-year low.