Petrol Price Up 30 Paise, Diesel 26 Paise A Litre
New Delhi: Rising petrol and diesel prices continued to trouble motorists. Oil marketing companies (OMCs) raised their retail price for the sixth consecutive day on Monday.
The rate of petrol here increased by a margin of 30 paisa per litre on Monday to Rs 83.71 a litre from a level of Rs 83.41 a litre on Sunday. The OMCs also raised the price of diesel by 26 paisa per litre to Rs 73.87 a litre as against Rs 73.61.
With the increase, retail price of petrol has inched closer to all-time high levels of Rs 84 a litre — that it touched two years back on October 4, 2018.
Petrol prices had been static since September 22, and diesel rates hadn’t changed since October 2.
Though retail pricing of petrol and diesel has been deregulated and oil marketing companies were following a daily price revision formula, the same was suspended for almost two months to prevent volatility in international oil markets from impacting fuel prices regularly during the pandemic.