Diesel costlier than petrol for first time in Delhi after 18 hikes in a row

With the current hike, the price of petrol increased by a cumulative Rs 9.41 a litre in Delhi, while diesel increased by Rs 9.58 a litre in the last 18 days

In a first, diesel in Delhi became costlier than petrol on Wednesday. The price of diesel was increased to a historic high of Rs 79.88 per litre. 

Petrol remained unchanged at Rs 79.76 per litre. With the current hike, the price of petrol has increased by a cumulative Rs 9.41 per litre in the Capital and diesel by Rs 9.58 per litre in the last 18 days. This is after oil-marketing companies froze prices for almost 83 days during the lockdown. 

A major reason for the hike in Delhi is attributed to a sharp increase in the value-added tax (VAT) on fuel