Government hikes petrol, diesel prices again
Uttarakhand fourth state to slash VAT on petrol, diesel
The government on Tuesday once again hiked fuel prices in India increasing petrol prices by 47 paise and diesel prices by 57 paise a litre.
Petrol will now cost Rs 76.73 a litre in the national capital with diesel at Rs75.19 a litre.
Also Read:Petrol, diesel prices hiked again in India
The price of petrol has now gone up by Rs 5.47 in the last ten days with diesel prices shooting up by Rs 5.80.
On Monday, prices of petrol were increased by 48 paise and diesel prices were hiked by 59 paise a litre.
The government's move comes as international oil prices dipped over spike in coronavirusinfections around the world leading to a fall in demand of fuel prices.
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Brent crude was down 14 cents at $39.58 a barrel on Tuesday after prices had increasedon Monday asUnited Arab Emirates' energy minister said that OPEC+ hasn't been in full compliance with oil cuts which were agreed upon earlier.
OPECand Russia hadagreed to extend production cuts of 9.7 million barrels per day through July due to fall in demand due to the coronavirus pandemic..