Petrol price hiked by 21 paise, at Rs.80.13 a litre

Web Desk

Oil companies hiked petrol price by 21 paise a litre and diesel by 17 paise a litre, according to a price notification of state oil marketing companies.
Petrol price in the national capital on Friday crossed Rs.80 a litre mark, for the first time in more than two years, as oil companies continue to raise petrol and diesel prices in line with costs.
Petrol price in Delhi was hiked to Rs.80.13 a litre from Rs.79.92 while diesel rates were increased to Rs.80.19 a litre from Rs.80.02.
Rates have been increased across the country but the final retail selling price differs from state to state depending on the incidence of local sales tax or VAT.
In Mumbai, petrol is priced at Rs.86.91 per litre and diesel at Rs.78.51.
Petrol price has crossed Rs.80-mark for the first time in more than two years, while diesel rate is at an all-time high. Petrol had last crossed Rs.80 mark in September 2018.
While diesel price has been hiked for the 20th straight day, petrol price has been raised on 19 occasions in less than three weeks.
The cumulative increase since the oil companies started the cycle on June 7 now totals to Rs.8.87 for petrol and Rs.10.8 in diesel.
Diesel had for the first time become costlier than petrol in Delhi on Wednesday.
On June 7, oil companies restarted revising prices in line with costs after ending an 82-day hiatus during which they adjusted steep excise duty hikes by the government against the fall in benchmark international oil rates.