Petrol and diesel prices continued to rise as prices were hiked for 17th consecutive day. The price of petrol is increased by 20 paise a litre while that of diesel by 55 paise a litre.
According to the official website of Indian Oil Corporation, petrol now costs Rs 79.76 per litre in Delhi, Rs 86.54 per litre in Mumbai. Similarly, diesel costs Rs 79.40 a litre in Delhi, Rs 77.76 a litre in Mumbai.
Notably, oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs.
Oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs. The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.
