Petrol prices hiked again, diesel price at record high
Petrol
Petrol price on Wednesday settled at Rs 78.18 a litre while diesel scaled a new high of Rs 69.75 per litre in the national capital
Petrol and Diesel prices were hiked in four metro cities.
Petrol price on Wednesday settled at Rs 78.18 a litre while diesel scaled a new high of Rs 69.75 per litre in the national capital. The price of petrol had crossed the Rs 78 per litre mark in Delhi for the first time in more than two-and-half-months on Tuesday.
Petrol price was up by 13 paise while diesel by 14 paise. Fuel prices in Delhi are the cheapest vis-à-vis other metros due to lower sales tax or VAT.
Diesel prices hit their peak, crossing the previous Rs 69.31 a litre reached on May 29. Petrol rates are however lower than the peak hit on May 29 when they touched Rs Rs 78.43 a litre in Delhi.
Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest against the US Dollar. The rupee hit a record low of 70.32 in early trade that day.
State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions.
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