Fuel prices hiked for 13th consecutive day

State-run oil marketing companies on June 19 hiked the price of petrol and diesel for the 13th consecutive day as they continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the coronavirus pandemic.

Petrol and diesel will now cost Rs.78.37/litre after an increase by 55 paise and Rs 77.06/litre respectively after an increase by 63 paise in Delhi, according to notifications from Indian Oil Corporation.

In Bengaluru, petrol will now cost 58 paise more per litre, while diesel will be costlier by 60 paise more per litre.  In the past 13 days, petrol price hiked by Rs 7.11/L & diesel by Rs 7.67/L.

The price of a litre of petrol was raised by 56 paise to Rs.78.37 in New Delhi, Rs.85.21 in Mumbai, Rs.81.82 in Chennai, Rs.80.91 in Bengaluru and Rs.80.13 in Kolkata.

The price of a litre of diesel was hiked to Rs.77.06 in New Delhi, Rs.75.53 in Mumbai, Rs.74.77 in Chennai, Rs.73.28 in Bengaluru and Rs.72.53 in Kolkata.

Oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the coronavirus pandemic. Oil companies on June 7 restarted revising prices in line with costs.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.