NEW DELHI: Petrol made history at Rs 84.20 per litre in Delhi on Thursday after oil marketing companies raised pump prices by 23 paise per litre, the second since they resumed daily revision on Wednesday after a month’s gap.
Diesel prices were also raised by 24 paise to Rs 74.38 per litre, which is still Rs 1.09 away from the fuel’s record of Rs 75.45 a litre.
Petrol prices in other states too hit record, though at different levels because of the difference in VAT rates. Similarly, the increase in diesel rates too varied due to the incremental impact of the state levy.
Pump prices are set to rise further as benchmark Brent crude continued its rally towards the $55/barrel-mark on Saudi Arabia’s output cut pledge. The rollout of Covid-19 vaccine and a sharp drop in US crude stockpiles further supported the rally.
