(Image source from: Hindustantimes.com)
Petrol, Diesel Price Hiked By 60 Paisa Per Litre:- The prices of petrol and diesel are hiked by 60 paisa per litre for the second consecutive day on Monday. The state-owned oil firms reverted to the revisions that are made on a daily basis after the 83 days of lockdown. The price of petrol in Delhi stands at Rs 72.46 per litre and it was hiked from Rs 71.86 which was Sunday's price. The diesel price in Delhi stands at Rs 70.59 per litre from 69.99. The oil companies in India raised the prices on Sunday by 60 paisa per litre on petrol and diesel after ending the hiatus of 83 days about the price revision.
Since March 16th, the oil PSUs have regularly revised the prices of LPG and ATF, the prices of petrol and diesel are kept on hold. The prices of auto fuel were frozen after the government announced a hike in the excise duty on petrol and diesel by Rs 3 per litre. The Indian government announced a hike of the excise duties by Rs 10 per litre on petrol and Rs 13 per litre on diesel on May 6th. The oil companies now decided to adjust the excise hikes among themseles instead of passing to the customers as there is a huge drop in the international oil prices.
They are said to have used the same tool and they did not pass one rupee per litre hike that is required for switching over to ultra-clean BS-VI grade fuel that started from April 1st.