Petrol And Diesel Prices Hiked For 16th Day

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New Delhi: Petrol prices were hiked by 33 paise per litre and diesel by 58 paise on Monday. With this, a the cumulative increase in rates in 16 days to Rs 9.21 a litre and Rs 8.55 respectively.

Petrol price in Delhi was hiked to Rs 79.56 per litre from Rs 79.23 while diesel rates were increased to Rs 78.85 a litre from Rs 78.27.

Across Delhi, Mumbai, Chennai and Kolkata, the petrol price has been raised by 29-33 paise and diesel price by 50-58 paise.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or value added tax.

The sixteenth daily increase in rates since oil companies on June 7 restarted daily price revisions in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to fresh highs. Petrol price too is at a two-year high.

The 82-day freeze in rates this year was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

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