Petrol price hiked by 56 paise, diesel by 63 paise; 13th straight day of increase
PTI, Jun 19, 2020, 10:02 AM IST
New Delhi: Petrol price on Friday, June 19 was hiked by 56 paise per litre and diesel by 63 paise a litre, taking the cumulative increase in rates to Rs 7.11 and Rs 7.67 per litre respectively in less than two weeks.
Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.
This is the 13th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.
In 13 hikes, the petrol price has gone up by Rs 7.11 per litre and diesel by Rs 7.67 a litre.
The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.
Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices to two-decade low.
International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
HC directs Delhi govt to appoint ex-officio members to state mental health authority
‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble
HC seeks Centre’s response on girl’s plea to expedite rare disease treatment
Air pollution: SC directs action against officials for ‘serious lapse’ in ensuring GRAP-IV curbs
PM Modi to attend 3-day all-India security conference in Odisha from Nov 29
MUST WATCH
Latest Additions
HC directs Delhi govt to appoint ex-officio members to state mental health authority
‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble
Katapadi: Dangerous potholes along NH-66 pose threat to commuters
HC seeks Centre’s response on girl’s plea to expedite rare disease treatment
Mumbai Indians have got the playing 12; very happy to pair Bumrah with Boult: Akash Ambani
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.