New Delhi: After increasing for the 18th day in a row, it is for the first time in the history of fuel prices that diesel costs more than petrol now. Diesel prices have gone up by 48 paise per litre.
On Wednesday, oil marketing companies raised diesel prices for the 18th straight day but kept petrol prices unchanged. In Delhi, diesel price has been increased by 48 paise on 24 June to Rs 79.88 per litre, making it costlier than petrol which remains priced at Rs 79.76 per litre.
While diesel prices soared in other states as well, they still continue to be cheaper due to lower taxes levied by other states. Even then, the prices of diesel and petrol are neck to neck in other parts of the country as well.
Since the end of lockdown in India, the state-run oil marketing companies (OMCs) have been on a spree to increase fuel prices as they continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the coronavirus pandemic.
In total, prices of petrol and diesel have soared by Rs 8.50 per litre and nearly Rs 10.48 per litre, respectively, over the past 18 days in the national capital.