While the price of petrol was revised to Rs 79.56 per litre in the national capital, the diesel rate was increased to Rs 78.85 per litre, according to Indian Oil.
Petrol and diesel prices were increased on Monday, the sixteenth straight hike since state-owned oil companies returned to the normal practice of daily reviews following a 12-week pause. While the price of petrol was revised to Rs 79.56 per litre in the national capital from Rs 79.23 per litre the previous day, the diesel rate was increased to Rs 78.85 per litre from Rs 78.27 per litre, according to notifications from state-run Indian Oil Corporation, the country’s largest fuel retailer.
In the 16-day period, the price of petrol has been increased by a cumulative Rs 9.21 per litre in the national capital, and diesel by Rs 8.55 per litre.
On June 7, oil marketing companies restarted the normal system of daily price reviews in line with costs following an 82-day hiatus. The price of petrol in Delhi had soared to an all-time high of Rs 84 per litre in October 2018.
Domestic petrol and diesel are determined broadly by global oil prices and forex prices, and vary from state to state depending on value added tax (VAT).
