Unique Delhi: Petrol and diesel prices had been paused for the the eighth day on Tuesday after sixth straight day of hikes.
Gasoline prices had been hiked for the sixth straight day on December 7 by the oil advertising and marketing companies leading charges to contact 2-yrear excessive. Petrol trace in Delhi was was hiked by 30 paise per litre and diesel by 26 paise, the sixth straight day of amplify in charges attributable to firming global oil prices on Monday.
Petrol trace in Delhi is at Rs 83.71 per litre while diesel prices are Rs 73.87 per litre, basically basically based on notifications from Indian Oil Company.
Here is having a peek at the price distinction of diesel and petrol in four metro cities on December 15.
Petrol and diesel prices that remained unchanged for 48 days, saw a price revision on November 20 (Friday), as pronounce-race oil advertising and marketing companies hiked gasoline prices. Rates fluctuate from pronounce to pronounce reckoning on the incidence of VAT. Taxes have up for nearly two-third of the retail promoting trace.
In September, diesel prices saw first discount since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) iced over charges for 82 days to regulate a file hike in excise responsibility on auto fuels against falling benchmark cost.
Diesel charges had gone up by Rs 12.55 a litre between June 7, when oil corporations resumed revising prices basically basically based on cost, and July 25. Diesel trace has remained unchanged in the country since July 25, with the exception of in Delhi the build a discount in VAT lowered the price by Rs 8.38 per litre. Petrol trace went up by Rs 9.17 per litre between June 7 and June 29 sooner than hitting a cease.
U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.3%, to $46.83 a barrel at 0158 GMT, while Brent crude futures fell 20 cents, or 0.4%, to $50.09 a barrel, erasing half of Monday`s gains, a Reuters document talked about.
With Company Inputs