Diesel price has surpassed the price of petrol for the second day in a row as gasoline price hiked for the 19th day on Thursday. Petrol price was hiked by 16 paise a litre whereas diesel price went up by 14 paise a litre at this time.
In 19 days, the price of petrol has gone up by ₹8.66 a litre whereas diesel price has passed by a better margin of ₹10.63 a litre.
Diesel has crossed Rs 80 mark in Delhi, at present at Rs 80.02/litre (enhance by Rs 0.14). Petrol price in the nationwide capital will now cost Rs 79.92/litre (enhance by Rs 0.16).
In different states, the costs may even rise however diesel will nonetheless proceed to be cheaper due to decrease taxes levied by different states, although the hole between the costs will shrink additional.
Revised petrol, diesel costs in prime cities:
New Delhi: Petrol ₹79.92. Diesel ₹80.02
Gurgaon: Petrol ₹78.15. Diesel ₹72.31
Mumbai: Petrol ₹86.70. Diesel ₹78.34
Chennai: Petrol ₹83.18. Diesel ₹77.29
Hyderabad: Petrol ₹82.96. Diesel ₹78.19
Bengaluru: Petrol ₹82.52. Diesel ₹76.09
State-run oil advertising and marketing firms (OMCs) on Thursday hiked the price of petrol and diesel for the 19th consecutive day as they continued to regulate retail charges in line with prices after an 82-day break from price revision amidst the coronavirus pandemic.
According to authorities knowledge, the hole at its widest at Rs 30.25, or almost74%, on June 18, 2012, when petrol cost Rs 71.16 a litre and diesel Rs 40.91 in Delhi. In Mumbai, the hole was widest at Rs 31.17 on June 28 the identical yr when petrol bought at Rs 76.45 a litre and diesel Rs 45.28.
The authorities on March 14 hiked excise obligation on petrol and diesel by Rs three per litre every after which once more on May 5 by a file Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the federal government Rs 2 lakh crore in extra tax revenues.