Fuel Price: Petrol and diesel prices remained steady for 22 days in a row with no change in rates on Friday. Earlier both petrol and diesel rates were hiked by 80 paise a litre each, taking the total increase in rates in two weeks to Rs 10 per litre. Petrol and diesel price in major cities.
Petrol in Delhi now costs Rs 105.41 per litre, while diesel rate is Rs 95.87 per litre to Rs 96.67, according to a price notification of state fuel retailers. In Mumbai, petrol and diesel prices per litre stand at Rs 120.51 and Rs 104.77 respectively.
Rates across the country and vary from state to state, depending upon the incidence of local taxation. In the last hike, the country saw the 14th increase in fuel prices since the ending of a four-and-half-month-long hiatus in rate revision on 22 March.
On the first four occasions, prices were increased by 80 paise a litre – the steepest single-day rise since the daily price revision was introduced in June 2017. On the following days, petrol price went up by 50 paise and 30 paise a litre while diesel rose by 55 paise and 35 paise a litre.
It was followed by a hike of 80 paise in a litre of petrol and by 70 paise for diesel. Prices had been on a freeze since 4 November ahead of the Assembly elections in states like Uttar Pradesh and Punjab a period during which the cost of raw material (crude oil) soared by about $30 per barrel.
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There was, however, no change in the price of petrol and diesel on Friday. Prior to the second pause in 11 days, auto fuel rates had gone up by Rs 6.40 per litre.
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