Petrol, diesel price gap narrows to just 36 paise; consumption picks up

Though OMCs raised prices, they are seeing demand recovery in June at 85% of what it was in the same month last year

Fuel prices continued to pinch pockets of the common man for the 17th consecutive day on Tuesday, with the price difference between petrol and diesel narrowing down to a mere 36 paise. Though oil marketing companies (OMC) raised prices, they are seeing a demand recovery for petrol and diesel in June at 85 per cent of what it was in the same month last year.  

On Tuesday, price of petrol in Delhi was at Rs 79.76 a litre while diesel was at Rs 79.40 a  litre, cheaper by only 36 paise. In the last 17 days, petrol price increased by Rs