Saloni Subha ( Intern Journalist ) Diesel price in Delhi on Saturday increased to Rs 82 per liter after 15 paise hike, according to a price notification of state-owned oil marketing companies.
This took the retail selling price in the national capital to the highest ever rate of Rs81.94 per liter. Rates are different in different states depending upon the incidence of local sales taxes or VAT. 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.
Petrol price on Saturday remained static at RS80.43per litre for almost 4 weeks. Petrol rates were last changed on June 29. Prior to hitting the freeze button, the petrol price had been increased on 21 occasions since the oil companies reverted to daily price revision on June 7. The cumulative increase in petrol came to RS 9.17 per litre.
Diesel prices have continued to revise sporadically in July. The cumulative increase in diesel prices since June 7 now totals Rs 12.55 per liter. In Mumbai, petrol is priced at RS 87.19 remained unchanged while diesel now costs Rs 80.11 a liter.
Prior to June 7, oil companies had for 82 days not revised petrol and diesel prices as they adjusted a record increase in excise duty by the government against the fall in the prices warranted due to international oil prices slumping to a two-year low.
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