Petrol, diesel price hiked for second day in a row

Petrol price on Saturday was hiked by 15 paise per litre and diesel by 20 paise, the second straight day of improve in charges after firming worldwide oil charges broke almost a two-month-long hiatus in price revision.

The price of petrol in Delhi was hiked to Rs 81.38 per litre from Rs 81.23, in line with a notification from oil advertising corporations.

Diesel charges went up from Rs 70.68 to Rs 70.88 per litre.

On Friday, petrol price was raised by 17 paise per litre and diesel by 22 paise.

This is the primary revision in petrol costs since September 22. Diesel charges had not modified since October 2.

Public sector oil advertising corporations – Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd – revise charges of petrol and diesel day by day primarily based on benchmark worldwide oil price and overseas alternate price.

They have, nonetheless, resorted to calibrating the charges for the reason that pandemic broke out with a view to avoiding volatility in retail costs.

The 58-day hiatus in petrol price revision and the 48-day establishment on diesel charges had been preceded by no change in charges between June 30 and August 15 and a 85-day establishment between March 17 and June 6.

In Mumbai, the petrol price on Friday was raised to Rs 88.09 per litre from Rs 87.92, whereas diesel charges went up from Rs 77.11 to Rs 77.34.

Rates fluctuate from state to state relying on the incidence of native gross sales tax or VAT.

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