Diesel price continued to decline on Friday after a two-day pause as the product prices fell globally while crude prices remained steady. Oil marketing companies, however, kept petrol prices unchanged for the third consecutive day.
Diesel price has extended its gap with petrol across the country with oil marketing companies cutting its retail price again while keeping petrol price steady.
Delhi Chief Minister Arvind Kejriwal on July 30 announced a drop in diesel prices in the national capital.
The Aam Admi Party government in Delhi has decided on cutting VAT on diesel in a cabinet meeting earlier today. Chief Minister Arvind Kejriwal, addressing a press conference, announced the lowering of the VAT. Diesel price in Delhi as of today is Rs 81.94 per litre.
This is the second consecutive day of the price increase. Rates were hiked by 15 paise on Saturday. The price increase on Saturday came after a four-day hiatus in rate revision.
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Continuous increase in petrol and diesel prices has affected sale and transportation of fruits and vegetables.
With the revised rates, petrol will now cost Rs 80.38 per litre, while diesel will cost Rs 80.40 per litre in Delhi. On Friday, the petrol price was increased by 21 paise per litre and that of diesel by 17 paise per litre.
With the revised rates, petrol will now cost Rs 80.38 per litre, while diesel will cost Rs 80.40 per litre in Delhi. On Friday, the petrol price was increased by 21 paise per litre and that of diesel by 17 paise per litre.
Petrol and diesel prices at Rs 79.92/litre (increase by Rs 0.16) and Rs 80.02/litre (increase by Rs 0.14) respectively, in Delhi today.
Petrol and diesel prices at Rs 78.88/litre (increase by Re 0.51) and Rs 77.67/litre (increase by Re 0.61), respectively in Delhi today. Price of petrol & diesel has increased by Rs 5.88/litre & Rs 6.50/litre respectively since 9th June in Delhi.
Petrol and diesel price hiked for 7th consecutive day in India. Petrol price increased by 59 paise/litre and diesel by 58 paise/litre on June 13.
Petrol, Diesel Price Today: Petrol price was hiked by 59 paise per litre while diesel by 58 paise. In seven hikes, petrol price has gone up by Rs 3.9 per litre and diesel by Rs 4.
Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision.
Petrol price has been hiked by 54 paise/litre, while diesel by 58 paise for the 3rd straight day after oil PSUs ended 82-day hiatus in rate revision.
Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said. In the case of diesel, VAT has been almost doubled to 30 per cent from 16.75 per cent.
The prices of petrol and diesel have been increased by Rs 6 and Rs 5 respectively as the state govt has decided to levy COVID-19 cess on petrolium products. In a notification issued on Tuesday by the additional chief secretary and finance commissioner, Sentiyanger Imchem informed of the revised prices.
The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.
India's fuel consumption slumped by a record 50 per cent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel.
Indian consumers will have to wait for at least 10 more days to get the benefit of a larger fall in retail prices of petrol and diesel that has become imminent following a sharp drop in global crude prices on Monday.
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