Saturday, Sep 19, 2020 | Last Update : 09:26 AM IST

179th Day Of Lockdown

Maharashtra114584081235431351 Andhra Pradesh6095585198915244 Tamil Nadu5309084757178685 Karnataka5029823940257808 Uttar Pradesh3362942632884771 Delhi2347011981034877 West Bengal2155801870614183 Odisha167161133466722 Telangana1670461353571016 Bihar164224149722855 Assam150349121610528 Kerala12221687341490 Gujarat119088999083271 Rajasthan109088906851293 Haryana103773816901069 Madhya Pradesh97906743981877 Punjab90032658182646 Chhatisgarh7777541111628 Jharkhand6710052807590 Jammu and Kashmir5971138521951 Uttarakhand3713924810460 Goa2678320844327 Puducherry2142816253431 Tripura2069612956222 Himachal Pradesh11190691997 Chandigarh92566062106 Manipur8430653951 Arunachal Pradesh6851496713 Nagaland5306407910 Meghalaya4356234232 Sikkim2119178923 Mizoram15069490
  Business   Market  19 Jun 2020  Fuel price hike: In 13 days, petrol and diesel prices hiked by more than Rs 7 a litre

Fuel price hike: In 13 days, petrol and diesel prices hiked by more than Rs 7 a litre

PTI
Published : Jun 19, 2020, 10:36 am IST
Updated : Jun 19, 2020, 10:36 am IST

Petrol price hiked by 56 paise per litre and diesel by 63 paise a litre on Friday

 Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre. (PTI Photo)
  Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre. (PTI Photo)

New Delhi: Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre, taking the cumulative increase in rates to Rs 7.11 and Rs 7.67 per litre respectively in less than two weeks.

Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.

 

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the 13th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.

In 13 hikes, petrol price has gone up by Rs 7.11 per litre and diesel by Rs 7.67 a litre.

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.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices to two decade low.

 

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

Tags: petrol price, diesel price, fuel prices, petrol diesel, coronavirus lockdown, india
Location: India, Delhi, New Delhi