June 12, 2024

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Delighting finance buffs

Sharp spike in petrol, diesel price for fourth consecutive day

Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 a litre from Rs 71.17, according to a price notification of state oil marketing companies. 

In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23. (Photo: Reuters)

HIGHLIGHTS

  • Petrol price was hiked by 40 paise per litre on Wednesday
  • Diesel price was hiked by 45 paise per litre
  • Petrol price in Delhi has now gone up to Rs 73.40 per litre

Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 a litre from Rs 71.17, 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 fourth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23.

Read | Petrol, diesel price hiked by 60 paisa per litre for second straight day

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