Fuel prices hiked in cash-starved Pakistan

Apart from the hike in petrol and diesel prices, the rates of kerosene oil and light diesel have now become costlier by Rs 5.38 and Rs 8.90.

Inflation dips to 18-month low

While the retail inflation dipped to an 18-month low of 2.19 per cent, the wholesale inflation fell to an eight-month low of 3.80 per cent.

In Mumbai, petrol costs Rs 75.77 a litre and diesel is priced at Rs 67.18.

Petrol price on Sunday was cut by 22 paise per litre while diesel rates were reduced by 23 paise to nine-month low.

On December 19, the retail price of petrol was Rs 70.63 a litre.

OMC didn’t cut rates in real terms during recent softening of crude prices to build a buffer.

Petrol is being retailed in Delhi at Rs 76.38 a litre while diesel at Rs 71.27 a litre.

Petrol in Mumbai costs Rs 84.06 and diesel Rs 76.67 per litre on Monday.

Petrol and diesel now being sold at Rs 79.55 and Rs 73.78 per litre in the national capital.

In Mumbai, the fuel prices witnessed a marginal decline with petrol now being sold at Rs 85.24 per litre.