Petrol price jumps 30 paise/litre on Saturday, diesel price remains unchanged

Petrol prices rose by 30 paise per litre on Saturday, the 41st hike in 75 days that made the transport fuel costlier by ₹11.44 a litre since May 4, a day after results of five assembly polls were declared.

The diesel price remains unchanged as it was spared a hike for the third time since July 2 apart from the 16 paise/litre reduction seen on July 12, the first since May 4. However, several hikes in about two-and-a-half months have made Diesel costlier by ₹9.14 per litre since May.

After the latest hike, petrol in Delhi is priced at ₹101.84 per litre, and diesel at ₹89.87. While fuel rates of state-run Indian Oil Corporation (IOC) in Delhi are the benchmark for the entire country, retail prices of the two fuels differ from place to place because of variations in state taxes and local levies.

Petrol prices have already crossed ₹100 per litre in five metros – Delhi, Mumbai, Chennai, Kolkata and Bangalore.

Hinduatan Times
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