Diesel now costlier than petrol in Delhi, fuel price hiked for 18th day

Diesel now costlier than petrol in Delhi, fuel price hiked for 18th day
New Delhi: For the primary time, diesel price has surpassed the petrol as fuel rate hiked for the 18th day during a row. The diesel price on Wednesday was hiked by 48 paise while petrol prices witnessed no increase after 17 daily hikes.

In Delhi, the worth of diesel was increased to Rs 79.88 per litre with effect from 6 am, from Rs 79.40 per litre, and therefore the rate of petrol was left unchanged at Rs 79.76 per litre, consistent with notifications from state-run Indian Oil Corporation, the country’s largest fuel retailer

In the 18-day period, the worth of petrol has been increased by a cumulative Rs 9.41 per litre within the capital , and diesel by Rs 9.58 per litre.

Rates are increased across the country and vary from state to state counting on the incidence of local nuisance tax or value added tax.

The 18th daily increase in rates, since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to fresh highs. Petrol price too is at a two-year high.(FA9News)

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