Diesel became costlier by 70 paise per litre on Monday after state-run fuel retailers raised rates by another 25 paise, raising the retail price in Delhi to ₹89.32 per litre. This was the third such hike in the past four days as international crude oil prices head towards $80 a barrel amid rising demand and supply concerns, but insiders say hike in petrol prices are also in the pipeline.
Earlier, diesel prices had softened to ₹88.62 per litre after climbing to a record high of ₹89.87 in mid-July. The retail price of petrol in Delhi, however, has remained frozen at ₹101.19 per litre since September 5 despite volatility in international oil markets.
