New Delhi: Petrol price in the national capital Friday crossed the Rs 80 per litre mark, for the first time in more than two years. This happened as oil companies continue to raise petrol and diesel prices in line with costs.
Oil companies hiked petrol price by 21 paise per litre and diesel by 17 paise a litre, according to a price notification of state oil marketing companies. Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02.
Rates have been increased across the country but the final retail selling price differs from state to state depending on the incidence of local sales tax or VAT. In Mumbai, petrol is priced at Rs 86.91 per litre and diesel at Rs 78.51.
Petrol price has crossed Rs 80-mark for the first time in more than two years, while diesel rate is at an all-time high. Petrol had last crossed Rs 80 mark in September 2018. While diesel price has been hiked for the 20th straight day, petrol price has been raised on 19 occasions in less than three weeks. The cumulative increase since the oil companies started the cycle June 7 now totals to Rs 8.87 for petrol and Rs 10.80 in diesel.
Diesel had for the first time become costlier than petrol in Delhi, Wednesday. However, diesel is costlier than petrol only in the national capital where the state government had raised local sales tax or VAT on the fuel sharply last month. It costs less than petrol in other cities.
