Diesel costlier than petrol for first time in Delhi after 18 hikes in a row
In a first, diesel in Delhi became costlier than petrol on Wednesday. The price of diesel was increased to a historic high of Rs 79.88 per litre.
Petrol remained unchanged at Rs 79.76 per litre. With the current hike, the price of petrol has increased by a cumulative Rs 9.41 per litre in the Capital and diesel by Rs 9.58 per litre in the last 18 days. This is after oil-marketing companies froze prices for almost 83 days during the lockdown.
A major reason for the hike in Delhi is attributed to a sharp increase in the value-added tax (VAT) on fuel by the state government last month. The VAT on diesel was increased from 16.75 per cent to 30 per cent, and on petrol, from 27 per cent to 30 per cent.
