You are here: Home » Economy & Policy » News
Business Standard

Crude shock: Petrol, diesel prices hiked again today after a month's relief

In the national capital, petrol was sold at Rs 75.71 per litre, up from Rs 75.55 on Wednesday

IANS  |  New Delhi 

Road to cleaner fuel: BS-VI is already powering your car in Delhi

After declining by around Rs 2-3 over a month period, and prices rose for the first time in a month across the four metros on Thursday.

In the national capital, was sold at Rs 75.71 per litre, up from Rs 75.55 on Wednesday, data on the Indian Oil Corp's website showed.

In the other key cities of Kokata, and Chennai, the fuel was priced at Rs 78.39, Rs 83.10 and Rs 78.57 per litre, respectively, against the previous levels of Rs 78.23, Rs 82.94 and Rs 78.40 per litre.

This rise in prices comes after prices started to decline on May 30. Also, both the and prices were unchanged for nine days till June 4.

This rise in assumes significance as just prior to the recent decline, petrol and prices rose to all-time high levels across the four metropolitan cities, that too at a much higher rate.

In contrast to the fall of nearly Rs 3 in petrol prices in the last 36 days, price of the fuel had spiralled nearly Rs 4 in just 16 days before prices started to drop.

Similarly, diesel prices also rose on Thursday after declining by nearly Rs 2 per litre in the last one month.

Diesel prices in Delhi, Kolkata, and on Thursday were Rs 67.50, Rs 70.05, Rs 71.62 and Rs 71.24, respectively, up from Rs 67.38, Rs 69.93, Rs 71.49 and Rs 71.12 per litre.

First Published: Thu, July 05 2018. 23:06 IST