Home Business The price of diesel nears to the 81-mark mark in Delhi after being increased by 16 paise

The price of diesel nears to the 81-mark mark in Delhi after being increased by 16 paise

by the owl speaks

Following a rate hike after a four-day hiatus, diesel prices in the national capital on Sunday inched toward the average 81 per liter mark. Sunday’s diesel price rose 16 paise per litre, according to a price statement from state-owned oil marketing companies. This has taken the retail selling price in the national capital to about 80.94 per litre — the highest ever.

Since nearly two weeks there has been no change in the price of petrol, and it appears to be priced at around 80.43 per litre.

Tariffs vary from state to state depending on the incidence of local sales tax or VAT.
While the diesel price was last revised on 7 July, the petrol rate was last changed on 29 June.
In the last five weeks, diesel prices have risen 24 times, while petrol prices have risen 21 times.
(Read: Petrol, high diesel prices: why CNG cars make more sense than ever before)

The cumulative increase since the oil companies started the cycle on June 7 totals to 9.17 for petrol and 11.55 for diesel.
In Mumbai, the price of petrol is at a price of 87.19—unaltered since 29 June, while the rate of diesel was increased to 79.17 litres from 79.05 litres.

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